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Federal Register/Vol. 75, No. 117/Friday, June 18, 2010/Rules

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Federal Register/Vol. 75, No. 117/Friday, June 18, 2010/Rules 34630 Federal Register / Vol. 75, No. 117 / Friday, June 18, 2010 / Rules and Regulations DEPARTMENT OF THE TREASURY the importation of Iranian-origin goods Iran in section 560.304 of the ITR. That and services. Subsequently, in definition includes: Office of Foreign Assets Control Executive Order 12957, issued on March (a) The state and the Government of 15, 1995, under the authority of, inter Iran, as well as any political 31 CFR Part 560 alia, the International Emergency subdivision, agency, or instrumentality Economic Powers Act (50 U.S.C. 1701– thereof; Iranian Transactions Regulations 1706) (‘‘IEEPA’’), the President declared (b) Any entity owned or controlled AGENCY: Office of Foreign Assets a national emergency with respect to the directly or indirectly by the foregoing; Control, Treasury. actions and policies of the Government and ACTION: Final rule. of Iran, including its support for (c) Any person to the extent that such international terrorism, its efforts to person is, or has been, or to the extent SUMMARY: The Department of the undermine the Middle East peace that there is reasonable cause to believe Treasury’s Office of Foreign Assets process, and its efforts to acquire that such person is, or has been, * * * Control (‘‘OFAC’’) is amending the weapons of mass destruction and the acting or purporting to act directly or Iranian Transactions Regulations in the means to deliver them. To deal with that indirectly on behalf of any of the Code of Federal Regulations to expand threat, Executive Order 12957 imposed foregoing * * *. the scope of Appendix A to Part 560 to prohibitions on certain transactions This expansion in scope of Appendix A encompass any person determined by with respect to the development of to Part 560 will better assist U.S. OFAC to be the Government of Iran, as Iranian petroleum resources. On May 6, persons and others engaging in that term is defined in those regulations. 1995, to further respond to this threat, transactions subject to the ITR in OFAC also is adding to the appendix 22 the President issued Executive Order complying with the ITR by identifying persons it has determined to be the 12959, which imposed comprehensive additional categories of persons that Government of Iran. In addition, OFAC trade and financial sanctions on Iran. come within the term Government of is updating the current list of entities in Finally, on August 19, 1997, the Iran. appendix A, removing an entity, and President issued Executive Order 13059 In addition, OFAC today is adding the consolidating and amending other consolidating and clarifying the following 22 persons to Appendix A to listings. Finally, OFAC is reformatting previous orders. Part 560, having determined that they and republishing in alphabetical order The ITR implement these Executive all come within the definition of the entire list of persons in the orders and prohibit various transactions, Government of Iran in section 560.304 expanded appendix. including, among others, transactions of the ITR: Bimeh Iran Insurance DATES: Effective Date: June 16, 2010. with the Government of Iran, a term Company (U.K.) Limited, Iran Insurance FOR FURTHER INFORMATION CONTACT: defined in section 560.304. That Company, Intra Chem Trading GmbH, Assistant Director for Compliance, definition includes several categories, Iran Petrochemical Commercial Outreach & Implementation, tel.: 202/ one of which is any entity owned or Company, Iranian Oil Company (U.K.) 622–2490, Assistant Director for controlled by the Government of Iran, a Limited, Kala Limited, Kala Pension Licensing, tel.: 202/622–2480, Assistant phrase that is itself defined in section Trust Limited, MSP Kala Naft Co. Director for Policy, tel.: 202/622–4855, 560.313 of the ITR. Tehran, Naftiran Trading Services Co. Office of Foreign Assets Control, or From its initial publication in 1999 (NTS) Limited, National Iranian Oil Chief Counsel (Foreign Assets Control), until December 2008, Appendix A to Company Pte Ltd, National tel.: 202/622–2410, Office of the General Part 560 listed financial institutions that Petrochemical Company, NICO Counsel, Department of the Treasury, OFAC determined to be entities owned Engineering Limited, NIOC Washington, DC 20220 (not toll free or controlled by the Government of Iran, International Affairs (London) Limited, numbers). within the meaning of sections 560.304 NPC International Limited, P.C.C. SUPPLEMENTARY INFORMATION: and 560.313 of the ITR. In a final rule (Singapore) Private Limited, amending the ITR published on Petrochemical Commercial Company Electronic and Facsimile Availability December 4, 2008, OFAC expanded the International Limited, Petrochemical This document and additional scope of Appendix A to Part 560 to Commercial Company FZE, information concerning OFAC are include all categories of entities Petrochemical Commercial Company available from OFAC’s Web site (http:// determined to be owned or controlled (U.K.) Limited, Petroiran Development www.treas.gov/ofac). Certain general by the Government of Iran, not just Company (PEDCO) Limited, Petropars information pertaining to OFAC’s financial institutions (73 FR 73788, Dec. International FZE, Petropars Ltd, and sanctions programs also is available via 4, 2008). That expansion of Appendix A Petropars UK Limited. facsimile through a 24-hour fax-on- to Part 560 was intended to better assist OFAC also is updating the current list demand service, tel.: 202/622–0077. U.S. persons and others engaging in of persons in Appendix A to Part 560. transactions subject to the ITR in As a result, OFAC is removing the Iran Background complying with the ITR by allowing Overseas Trading Company Limited The Iranian Transactions Regulations, OFAC to give notice when it determined (Subsidiary) from the appendix, because 31 CFR part 560 (the ‘‘ITR’’), implement that any entity was owned or controlled this entity has been dissolved and no a series of Executive orders that began by the Government of Iran. longer exists, and is amending the with Executive Order 12613, which was To further assist compliance with the listing for Naftiran Intertrade Co. (NICO) issued on October 29, 1987, pursuant to ITR by U.S. persons and others engaging Limited to reflect current identifying authorities including the International in transactions subject to the ITR, OFAC information. In addition, OFAC is Security and Development Cooperation today is expanding the scope of consolidating the listings for the Iran Act of 1985 (22 U.S.C. 2349aa–9). In that Appendix A to Part 560 to encompass Overseas Investment Bank Limited Order, after finding, inter alia, that the all persons determined by OFAC to be (Representative Office), the Iran Government of Iran was actively the Government of Iran, i.e., to come Overseas Investment Bank Limited supporting terrorism as an instrument of within any of the categories comprising (Agency), and the Iran Overseas state policy, the President prohibited the definition of the term Government of Investment Corporation Limited under VerDate Mar<15>2010 15:56 Jun 17, 2010 Jkt 220001 PO 00000 Frm 00012 Fmt 4700 Sfmt 4700 E:\FR\FM\18JNR1.SGM 18JNR1 srobinson on DSKHWCL6B1PROD with RULES Federal Register / Vol. 75, No. 117 / Friday, June 18, 2010 / Rules and Regulations 34631 Bank Saderat PLC, and is consolidating collection of information displays a which case that person’s name would the listings for Agricultural Cooperative valid control number. also appear in the list at Appendix A to Bank of Iran, Agricultural Development 31 CFR chapter V. Such a person is List of Subjects in 31 CFR Part 560 Bank of Iran, Bank Josiaiyi Keshahvarzi, identified in Appendix A to Part 560 by and Bank Taavon Keshavarzi Iran under Administrative practice and references (‘‘tags’’), located at the end of Bank Keshavarzi Iran. Finally, OFAC is procedure, Banks, Banking, Brokers, the person’s listing, to the sanctions reformatting and republishing in Foreign Trade, Investments, Loans, program(s) to which the person is alphabetical order the entire list of Securities, Iran. subject (e.g., [IRAN] [NPWMD] or persons in the expanded appendix A. ■ For the reasons set forth in the [IRAN] [SDGT]). It is important to note that Appendix preamble, the Department of the Notes to Appendix A to Part 560: A to Part 560 is not a comprehensive list Treasury’s Office of Foreign Assets of persons falling within the definition Control amends 31 CFR part 560 to read 1. The alphabetical list below of Government of Iran. Even if a person as follows: provides the following information is not listed in Appendix A to Part 560, concerning persons determined by if the person satisfies the definition of PART 560—IRANIAN TRANSACTIONS OFAC to be the Government of Iran: the the term Government of Iran in the ITR, REGULATIONS name (including known former or U.S. persons and others engaging in alternate names), address, [IRAN] tag, ■ 1. The authority citation for Part 560 transactions subject to the ITR are and, if applicable, the tag(s) denoting continues to read as follows: prohibited from engaging in transactions other sanctions program(s) under which with that person, regardless of its Authority: 3 U.S.C. 301; 18 U.S.C. 2339B, the person also is blocked. location, to the same extent they are 2332d; 22 U.S.C. 2349aa–9; 31 U.S.C. 321(b); 2. The abbreviations used in this prohibited from engaging in transactions 50 U.S.C. 1601–1651, 1701–1706; Pub. L. appendix are ‘‘a.k.a.’’ (also known as) with the persons listed in Appendix A 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); ‘‘ ’’ Pub. L. 106–387, 114 Stat. 1549; Pub. L. 110– and f.k.a. (formerly known as). to Part 560. U.S. persons and others 3. The references to sanctions engaging in transactions subject to the 96, 121 Stat. 1011; E.O. 12613, 52 FR 41940, 3 CFR, 1987 Comp., p.
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