Civil Enforcement Information - Coca Cola

Date issued: Feb. 03 2006

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TURBOFAC Commentary (437 words)

Notes:

1) Coca Cola provided further details surrounding the facts underlying this violation in a May 12, 2006 letter to the SEC.

"We also sell beverage concentrates to a local bottler authorized to produce and sell Coca-Cola and certain other of our finished products in Sudan. We do so under a license from OFAC which is renewed annually at OFAC’s discretion. We do not have any ownership interest in this bottler. Between 2002 and January 2004, our regional field operations provided certain financial support to this bottler principally to enable it to purchase new beverage manufacturing equipment and to upgrade its glass bottle inventory to increase the bottler’s competitiveness in the marketplace. Following an internal review of these actions in light of the terms of our OFAC license and the Sudan sanction regulations, we made detailed self-disclosure to OFAC and reached a civil...