OFAC update
August 12, 2002
PLATINUM COMMERCIAL BANK and Pakistani authorities have now provided sufficient information to have the name of the bank removed from OFAC's SDN list. Its financial assets are no longer blocked pending investigation pursuant to the Libyan Sanctions Regulations, 31 C.F.R. Part 550, and Section 203 of the International Emergency Economic Powers Act, as amended, 50 U.S.C. 1702. The following entry has been deleted:
PLATINUM COMMERCIAL BANK LTD., Head Office: 76-B Block E-1, Main Blvd., Gulberg III, Lahore 54000, Punjab, Pakistan; Main Office: SRI, Business & Finance Center, Plot No. 7/3 I.I. Chundrigar Rd., Karachi 74200, Sindh, Pakistan; 76 Abdali Rd., Multan, Punjab, Pakistan; all other offices located in Pakistan [BPI-LIBYA]
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