OCC 2003-10
OCC BULLETIN	

Subject:     Office of Foreign Assets Control
Description: Final Rules Governing Availability of Information

Date:        March 11, 2003 


TO:  Chief Executive Officers and Compliance Officers of All 
National Banks, Federal Branches and Agencies, Department and 
Division Heads, and All Examining Personnel

The U. S. Treasury Department's Office of Foreign Assets Control 
(OFAC) published a final rule on February 11, 2003, concerning the 
disclosure of certain civil penalties information.  

OFAC administers and enforces economic sanctions programs. To 
increase awareness of its enforcement activities and to encourage 
compliance, OFAC intends to publish information about civil 
penalties and informal settlements on a weekly basis. For example, 
OFAC will publish the name of the entity involved (except names of 
individuals), the sanctions program involved, a brief description 
of the violation or alleged violation, a clear indication whether 
the proceeding resulted in an informal settlement or in the 
imposition of a penalty, and the amount of the penalty imposed or 
the amount of the agreed settlement. 

Questions about the final regulation may be directed to your OCC 
supervisory office or the Compliance Division at (202) 874-4428.



_____________________________
David G. Hammaker
Deputy Comptroller for Compliance 


Attachment  68 FR 6820
[http://www.occ.treas.gov/fr/fedregister/68fr6820.pdf]