| |
| | JS-1242: Treasury Designates 16 Family Members of the Former Iraqi Regime, Submits 191 Iraqi Entities to United Nations |
 | | As a result, the measures involving the 191 Iraqi parastatal entities apply only to those funds, financial assets or economic resources that were located outside of Iraq on or before May 22, 2003. |
 | | In contrast, the obligation to freeze and transfer the assets of Saddam Hussein, senior officials of his former regime, their families and entities or agents owned or controlled by Saddam or senior members of his regime, applies to their assets held before, on or after May 22, 2003. |
 | | In addition to the U.S. submission to the United Nations, the Treasury Department’s OFAC has published detailed guidance for U.S. persons regarding the parastatal entities, which is available through OFAC’s website, www.treas.gov/ofac. |
| www.treas.gov /press/releases/js1242.htm (884 words) |
|