OFAC Implementation of Certain Sanctions Imposed on Two Persons by the Secretary of State Pursuant to the Iran Sanctions Act of 1996, as Amended

Notice published September 5, 2014 · 79 FR 53111

Document number: FR Doc. 2014-21215
Type: Notice
Published: September 5, 2014
Citation: 79 FR 53111 (pages 53,111–53,112)
Action: Notice.
Effective: March 14, 2013
Dates: OFAC's actions described in this Notice to implement certain ISA sanctions on DIMITRIS CAMBIS and IMPIRE SHIPPING COMPANY were effective March 14, 2013.
Official sources: PDF (govinfo.gov) · federalregister.gov

Summary

The Federal Register's summaryThe Treasury Department's Office of Foreign Assets Control ("OFAC") is providing notice of actions taken by OFAC to implement certain of the sanctions imposed on two persons by the Secretary of State pursuant to the Iran Sanctions Act of 1996 (Pub. L. 104-172) (50 U.S.C. 1701 note), as amended ("ISA").

Executive orders cited

Executive Order 13599 · Other documents citing it
Executive Order 13628 · Other documents citing it

Text

As the Government Publishing Office publishes it. Pages OFAC printed as images (in recent notices, the lists of names) are in the official PDF.

[Federal Register Volume 79, Number 172 (Friday, September 5, 2014)]
[Notices]
[Pages 53111-53112]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-21215]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


OFAC Implementation of Certain Sanctions Imposed on Two Persons
by the Secretary of State Pursuant to the Iran Sanctions Act of 1996,
as Amended

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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SUMMARY: The Treasury Department's Office of Foreign Assets Control
(``OFAC'') is providing notice of actions taken by OFAC to implement
certain of the sanctions imposed on two persons by the Secretary of
State pursuant to the Iran Sanctions Act of 1996 (Pub. L. 104-172) (50
U.S.C. 1701 note), as amended (``ISA'').

DATES: OFAC's actions described in this Notice to implement certain ISA
sanctions on DIMITRIS CAMBIS and IMPIRE SHIPPING COMPANY were effective
March 14, 2013.

FOR FURTHER INFORMATION CONTACT: Assistant Director for Sanctions
Compliance and Evaluation, Office of Foreign Assets Control, Department
of the Treasury, Washington, DC 20220, tel.: 202/622-2490.

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

    This document and additional information concerning OFAC are
available from OFAC's Web site (www.treasury.gov/ofac) or via facsimile
through a 24-hour fax-on demand service tel.: (202) 622-0077.

Background

    The Iran Sanctions Act of 1996 (Pub. L. 104-172) (50 U.S.C. 1701
note), as amended (``ISA''), requires the Secretary of State, pursuant
to authority delegated by the President, to impose or waive sanctions
on persons determined to have engaged in certain investment or other
activity in connection with Iran's petroleum or petrochemical sectors.
Specifically, section 5(a)(8) of ISA requires the imposition of
sanctions on certain persons that conceal the Iranian origin of crude
oil and refined petroleum products. Executive Order 13628 of October 9,
2012, ``Authorizing the Implementation of Certain Sanctions Set Forth
in the Iran Threat Reduction and Syria Human Rights Act of 2012 and
Additional Sanctions With Respect to Iran'' (``E.O. 13628''), requires
the Secretary of the Treasury, pursuant to authority under the
International Emergency Economic Powers Act (50 U.S.C. 1701-1706), to
implement certain sanctions set forth in section 6 of ISA when those
sanctions are selected and imposed by the Secretary of State pursuant
to ISA.
    The Secretary of the Treasury is responsible for implementing the
following sanctions described in section 6(a) of ISA: (i) With respect
to section 6(a)(3) of ISA, to prohibit any U.S. financial institution
from making loans or providing credits to a person sanctioned under
ISA; (ii) with respect to section 6(a)(6) of ISA, to prohibit any
transactions in foreign exchange that are subject to the jurisdiction
of the United States and in which a person sanctioned under ISA has any
interest; (iii) with respect to section 6(a)(7) of ISA, to prohibit any
transfers of credit or payments between financial institutions or by,
through, or to any financial institution, to the extent that such
transfers or payments are subject to the jurisdiction of the United
States and involved any interest of a person sanctioned under ISA; (iv)
with respect to section 6(a)(8) of ISA, to block all property and
interests in property that are in the United States, that come within
the United States, or that are or come within the possession or control
of any United States person, including any foreign branch, of a person
sanctioned under ISA, and to provide that such property and interests
in property may not be transferred, paid, exported, withdrawn, or
otherwise dealt in; (v) with respect to section 6(a)(9) of ISA, to
prohibit any United States person from investing in or purchasing
significant amounts of equity or debt instruments of a person
sanctioned under ISA; (vi) with respect to section 6(a)(11) of ISA, to
impose on the principal executive officer or officers, or persons
performing similar functions and with similar authorities, of a person
sanctioned under ISA the sanctions described in (i) through (v) above
and (vii) below, as selected by the Secretary of State; and (vii) with
respect to section 6(a)(12) of ISA, to restrict or prohibit imports of
goods, technology, or services, directly or indirectly, into the United
States from a person sanctioned under ISA.
    The Secretary of State has imposed sanctions on the persons listed
below pursuant to section 5(a)(8) of ISA.\1\ See 78 FR 21183 (April 9,
2013), which provides the name of the individual and entity subject to
sanctions, as well as a complete list of the sanctions imposed.
Accordingly, the Director of OFAC, acting pursuant to delegated
authority, has taken action under E.O. 13628 to implement certain
sanctions imposed by the Secretary of State pursuant to subsections
6(a)(6)-(8) of ISA with respect to the following individual:
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    \1\ Separately, on March 14, 2013, the Director of OFAC
identified Dimitris Cambis and Impire Shipping Company, among other
persons, as meeting the definition of ``the Government of Iran''
pursuant to Executive Order 13599 of February 5, 2012, ``Blocking
Property of the Government of Iran and Iranian Financial
Institutions. See 78 FR 19075. As a result, the property and
interests in property of these persons are blocked and they appear
on OFAC's List of Specially Designated Nationals and Blocked Persons
with the identifying tag ``IRAN.''

    1. CAMBIS, Dimitris (a.k.a. KAMPIS, Dimitrios Alexandros; a.k.a.
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``KLIMT, Gustav''); DOB 14 Oct 1963 (individual) [IRAN] [ISA]

    In addition, the Director of OFAC, acting pursuant to delegated
authority, has taken action under E.O. 13628 to

[[Page 53112]]

implement certain sanctions imposed by the Secretary of State pursuant
to subsections 6(a)(7)-(8) of ISA with respect to the following entity:

    1. IMPIRE SHIPPING COMPANY (a.k.a. IMPIRE SHIPPING; a.k.a.
IMPIRE SHIPPING LIMITED), Greece [IRAN] [ISA]

    The Director of OFAC has: (a) Blocked all property and interests in
property that are in the United States, that come within the United
States, or that are or come within the possession or control of any
United States person, including any overseas branch, of the individual
and the entity listed above; (b) prohibited any transfers of credit or
payments between financial institutions or by, through, or to any
financial institution, to the extent that such transfers or payments
are subject to the jurisdiction of the United States and involve any
interest of the individual or the entity listed above; and (c)
prohibited any transactions in foreign exchange that are subject to the
jurisdiction of the United States and which involve any interest of the
individual listed above. Dimitris Cambis and Impire Shipping Company
have been added to OFAC's List of Specially Designated Nationals and
Blocked Persons with the identifying tags ``[IRAN]'' and ``[ISA].''

    Dated: August 8, 2014.
Barbara C. Hammerle,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2014-21215 Filed 9-4-14; 8:45 am]
BILLING CODE 4810-AL-P

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