DEPARTMENT OF THE TREASURY
WASHINGTON, D.C. 20220
License No. IQ-2315
IRAQI SANCTIONS REGULATIONS
LICENSE
(Granted under the authority of Sect ion 203 of the U.S. International Emergency Economic Powers
§ 1702), Section 5 of
the United Nations Participation Act (22 U.S.C. § 287c),
Executive Orders No. 12722 of August 2, 1990 and No. 12724 of August 9, 1990, and Parts 501 and
575 of Title 31 of the Code of Federal Regulations.)
To: Coalition Provisional Administration
Baghdad,
Iraq
Attn: L. Paul Bremer, Administrator
1. The transactions and activities delineated on the reverse hereof are hereby authorized.
2. This license is granted upon the statements and representations made in the Application,
ication, or
otherwise filed with or made to the Treasury Department as a supplement to the Appl
based on information available to the Treasury Department, and is subject to the condition, among
parties to the License comply with
all regulations, rulings,
issued by the U.S. Secretary of the Treasury under the authority of Section 203 of
the International Emergency Economic Powers Act, Section 5 of the United Nations Participation
Act, and the terms of this license.
3. The Licensee (s)
shall furnish and
make available for inspection any relevant information,
or reports requested by the U.S. Secretary of the Treasury or any duly authorized officer
or agency.
4. This license expires upon the completion of the authorized transaction, is not transferable,
the terms of Executive Orders No. 12722 and 12724,
rulings, orders and instructions issued pursuant thereto, and may be revoked or modified at any
time at the discretion of the U.S. Secretary of the Treasury. If this license was issued as a
result of willful misrepresentation on the part of the applicant, it may, at the di scretion of
the U.S. Secretary of the Treasury, be declared void from the date of its issuance, or from any
5. This license does not excuse compliance with any law or regulation administered by the Office
of Foreign Assets Control or any other agency (including reporting requirements) ap plicable to
nor does it release Licensee(s) or third parties from civil
the transaction(s) herein licensed,
criminal liability for violation of any law or regulation.
Issued by direction and
on behalf of the Secretary of the Treasury:
OFFICE OF FOREIGN ASSETS CONTROL
I usuf 5/30/03
Director
is directed
586E of
to 18 U.S.C. $ 1001; 50 U.S.C. $ 1705; 22 U.S.C. $ 287C(b); $
50 U.S.C. § 1701 note; Pub.L. 101-410, 28 U.S.C. 2461 note; and 31 C.F.R. &
Pub. L. 101-513,
575.701 et seq.,
to penalties.)
for provisions relating

Page 2 of 2
License No. IQ-2315
SECTION 1 - AUTHORIZATION:
ne Coalition Provisional Administration is authorized t
I1 transactions with Rafidain Bank "Rafidain'
and Rasheed Bank ("Rasheed").
(b) Rafidain is authorized to engage in all transactions with
u.s. persons.
(c) Rasheed is authorized to engage in all transactions with
oU.s. persons.
SECTION 2
- CONDITIONS AND LIMITATIONS:
terms of this license
executed pursuant to the
Any funds transfer
will be rejected.
or it
reference OFAC License No. IO-2315