OFAC Implementation of Certain Sanctions Imposed on JAM PETROCHEMICAL COMPANY and NIKSIMA FOOD AND BEVERAGE JLT Pursuant to Executive Order 13622 of July 30, 2012
Notice published September 5, 2014 · 79 FR 53110
- Document number
- FR Doc. 2014-21217
- Type
- Notice
- Published
- September 5, 2014
- Citation
- 79 FR 53110 (pages 53,110–53,111)
- Action
- Notice.
- Effective
- May 31, 2013
- Dates
- OFAC's actions described in this notice to implement the sanctions on JAM PETROCHEMICAL COMPANY and NIKSIMA FOOD AND BEVERAGE JLT were effective May 31, 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 entities by the Secretary of State pursuant to Executive Order 13622 of July 30, 2012, "Authorizing Additional Sanctions With Respect to Iran."
Executive orders cited
- Executive Order 13622 · Other documents citing it
- Executive Order 13645 · 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 53110-53111]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-21217]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
OFAC Implementation of Certain Sanctions Imposed on JAM
PETROCHEMICAL COMPANY and NIKSIMA FOOD AND BEVERAGE JLT Pursuant to
Executive Order 13622 of July 30, 2012
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 entities by the Secretary of
State pursuant to Executive Order 13622 of July 30, 2012, ``Authorizing
Additional Sanctions With Respect to Iran.''
DATES: OFAC's actions described in this notice to implement the
sanctions on JAM PETROCHEMICAL COMPANY and NIKSIMA FOOD AND BEVERAGE
JLT were effective May 31, 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
On July 30, 2012, the President issued Executive Order 13622,
``Authorizing Additional Sanctions With Respect to Iran'' (``E.O.
13622''), under the authority of, inter alia, the International
Emergency Economic Powers Act (50 U.S.C. 1601 et seq.). Section
2(a)(ii) of E.O. 13622 authorizes the Secretary of State to impose
sanctions on a person he determines has knowingly engaged, on or after
the effective date of E.O. 13622, in a significant transaction for the
purchase or acquisition of petrochemical products from Iran.\1\ Section
4 of E.O. 13622 requires the Secretary of the Treasury to implement
certain of the sanctions imposed by the Secretary of State pursuant to
section 2 of E.O. 13622.
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\1\ Section 16 of Executive Order 13645 of June 3, 2013,
``Authorizing the Implementation of Certain Sanctions Set Forth in
the Iran Freedom and Counter-Proliferation Act of 2012 and
Additional Sanctions With Respect To Iran'' (``E.O. 13645'') amended
section 2 of E.O. 13622 to clarify that the scope of sanctionable
activity included significant transactions for the ``sale,
transport, or marketing'' of petroleum, petroleum products, and
petrochemicals. The Secretary of State's action with respect to the
persons identified in this notice was undertaken prior to the
issuance of E.O. 13645.
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The Secretary of the Treasury is responsible for implementing the
following sanctions set forth in section 4 of E.O. 13622 and imposed by
the Secretary of State pursuant to section 2 of E.O. 13622: (i) With
respect to section 4(a)(i) of E.O. 13622, to prohibit any U.S.
financial institution from making loans or providing credits to a
person sanctioned under section 2 of E.O. 13622; (ii) with respect to
section 4(a)(ii) of E.O. 13622, to prohibit any transactions in foreign
exchange that are subject to the jurisdiction of the United States and
in which a person sanctioned under section 2 of E.O. 13622 has any
interest; (iii) with respect to section 4(a)(iii) of E.O. 13622, 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 section 2 of E.O. 13622; (iv) with respect to section 4(a)(iv) of
E.O. 13622, 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 section 2 of
E.O. 13622, and to provide that such property and interests in property
may not be transferred, paid, exported, withdrawn, or otherwise dealt
in; and (v) with respect to section 4(a)(v) of E.O. 13622, to restrict
or prohibit imports of goods, technology, or services, directly or
indirectly, into the United States from a person sanctioned under
section 2 of E.O. 13622.
[[Page 53111]]
The Secretary of State has imposed sanctions on two entities
pursuant to section 2 of E.O 13622. See 78 FR 35351 (June 12, 2013),
which provides the names of the two entities subject to sanctions, as
well as a complete list of the sanctions imposed on each entity.
Accordingly, the Director of OFAC, acting pursuant to delegated
authority, has taken the actions described below to implement certain
sanctions imposed by the Secretary of State pursuant to section 2 of
Executive Order 13622 with respect to the following persons:
1. JAM PETROCHEMICAL COMPANY, Pars Special Economic Zone, Assaluyeh,
Boushehr Province, Iran [EO13622].
2. NIKSIMA FOOD AND BEVERAGE JLT, Dubai, United Arab Emirates
[EO13622].
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 two
entities 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 two entities listed above; and (c) prohibited any
transactions in foreign exchange that are subject to the jurisdiction
of the United States and involve any interest of the two entities
listed above. Both entities have been added to OFAC's List of Specially
Designated Nationals and Blocked Persons with the identifying tag
``EO13622.''
Dated: August 8, 2014.
Barbara C. Hammerle,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2014-21217 Filed 9-4-14; 8:45 am]
BILLING CODE 4810-AL-P