Bulwark
Sign inRequest access

Sanctions Actions Pursuant to Executive Order 13448, Executive Order 13310, and Executive Order 13464

Notice published May 23, 2016 · 81 FR 32384

Document number
FR Doc. 2016-12011
Type
Notice
Published
May 23, 2016
Citation
81 FR 32384 (pages 32,384–32,385)
Action
Notice.
Effective
May 17, 2016
Dates
The actions described in this notice were effective on May 17, 2016.
Official sources
PDF (govinfo.gov) · federalregister.gov

Summary

The Federal Register's summaryThe Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the name of six entities whose property and interests in property are blocked pursuant to Executive Order (E.O.) 13448 of October 18, 2007, "Blocking Property and Prohibiting Certain Transactions Related to Burma" (E.O. 13448) and the Burmese Sanctions Regulations, 31 CFR part 537 (BSR). OFAC is also removing ten entities whose property and interests in property have been unblocked pursuant to Executive Order 13310 of July 28, 2003, "Blocking Property of the Government of Burma and Prohibiting Certain Transactions" (E.O. 13310) or Executive Order 13464 of April 30, 2008, "Blocking Property and Prohibiting Certain Transactions Related to Burma" (E.O. 13464) and the BSR.

Executive orders cited

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 81, Number 99 (Monday, May 23, 2016)]
[Notices]
[Pages 32384-32385]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-12011]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Sanctions Actions Pursuant to Executive Order 13448, Executive
Order 13310, and Executive Order 13464

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing the name of six entities whose property
and interests in property are blocked pursuant to Executive Order
(E.O.) 13448 of October 18, 2007, ``Blocking Property and Prohibiting
Certain Transactions Related to Burma'' (E.O. 13448) and the Burmese
Sanctions Regulations, 31 CFR part 537 (BSR). OFAC is also removing ten
entities whose property and interests in property have been unblocked
pursuant to Executive Order 13310 of July 28, 2003, ``Blocking Property
of the Government of Burma and Prohibiting Certain Transactions'' (E.O.
13310) or Executive Order 13464 of April 30, 2008, ``Blocking Property
and Prohibiting Certain Transactions Related to Burma'' (E.O. 13464)
and the BSR.

DATES: The actions described in this notice were effective on May 17,
2016.

FOR FURTHER INFORMATION CONTACT: The Department of the Treasury's
Office of Foreign Assets Control: Assistant Director for Licensing,
tel.: 202-622-2480, Assistant Director for Regulatory Affairs, tel.:
202-622-4855, Assistant Director for Sanctions Compliance & Evaluation,
tel.: 202-622-2490; or the Department of the Treasury's Office of the
Chief Counsel (Foreign Assets Control), Office of the General Counsel,
tel.: 202-622-2410.

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

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

Notice of OFAC Action

    On May 17, 2016, OFAC identified six entities in which Steven Law
or Asia World Co. Ltd., persons whose property and interests in
property are blocked pursuant to E.O. 13448 and the BSR, own a 50
percent or greater interest, and added their names to OFAC's list of
Specially Designated Nationals and Blocked Persons (SDN List):

Entities

    1. SHWE NAR WAH COMPANY LIMITED, No. 39/40, Bogyoke Aung San
Road, Bahosi Housing, Lanmadaw, Rangoon, Burma; Registration ID
1922/2007-2008 (Burma) [BURMA] (Linked to: LAW, Steven).
    2. GREEN ASIA SERVICES CO., LTD., No. 61/62, Bahosi Housing, War
Tan St., Lanmadaw T/S, Rangoon, Burma; Registration ID 4013/2011-
2012 (Burma) [BURMA] (Linked to: ASIA WORLD CO. LTD.)
    3. GLOBAL WORLD INSURANCE COMPANY LIMITED, No. 44, Thein Phyu
Road, Corner of Bogyoke Aung San Road and Thein Phyu Road,
Pazuntaung, Rangoon, Burma; Registration ID 2511/2012-2013 (Burma)
[BURMA] (Linked to: ASIA WORLD CO. LTD.)
    4. ASIA MEGA LINK CO., LTD., No. 39/40, Bogyoke Aung San Road,
Bahosi Housing, Lanmadaw, Rangoon, Burma; Registration ID 1679/2009-
2010 (Burma) [BURMA] (Linked to: ASIA WORLD CO. LTD.)
    5. ASIA MEGA LINK SERVICES CO., LTD., No. 44/45, Bogyoke Aung
San Road, Bahosi Housing Complex, Lanmadaw, Rangoon, Burma;
Registration ID 2652/2010-2011 (Burma) [BURMA] (Linked to ASIA WORLD
CO. LTD.)
    6. PIONEER AERODROME SERVICES CO., LTD., No. 203/204, Thiri
Mingalar Housing, Strand Rd, Ahlone, Rangoon, Burma; Registration ID
620/2007-2008 (Burma) [BURMA] (Linked to: ASIA WORLD CO. LTD.)

    On May 17, 2016, OFAC, in consultation with the Department of
State, determined that circumstances no longer warrant the inclusion of
the following entities in the Annex to E.O. 13310, and on OFAC's SDN
List, and that these entities are no longer subject to the blocking
provisions of Section 1(a) of E.O. 13310:

Entities

    1. MYANMA FOREIGN TRADE BANK (a.k.a. MYANMAR FOREIGN TRADE
BANK), P.O. Box 203, 80-86 Maha Bandoola Garden Street, Kyauktada T/
S, Yangon, Burma; SWIFT/BIC FOTMMMM1 [BURMA]
    2. MYANMA INVESTMENT AND COMMERCIAL BANK (a.k.a. MICB; a.k.a.
MYANMAR INVESTMENT AND COMMERCIAL BANK), 170/176 Bo Aung Kyaw
Street, Botataung Township, Yangon, Burma; SWIFT/BIC MYANMMM1;
SWIFT/BIC MICB MM MY; SWIFT/BIC MICB MM MY MAN [BURMA]
    3. MYANMA ECONOMIC BANK (a.k.a. MYANMAR ECONOMIC BANK), 1-19
Sule Pagoda Road, Pabedan T/S, Yangon, Burma [BURMA]

    On May 17, 2016, OFAC, in consultation with the Department of
State, determined that circumstances no longer warrant the blocking of
the property and interests in property of, or the prohibiting of
transactions with, the following entities in the Annex to E.O. 13464,
and on OFAC's SDN List, and that these entities are no longer subject
to the blocking provisions of Section 1(a) of E.O. 13464:

Entities

    1. MYANMAR TIMBER ENTERPRISE (a.k.a. MTE; a.k.a. MYANMA TIMBER
ENTERPRISE), P.O. Box 206, Mission Road/Ahlone Street, Rangoon,
Burma [BURMA]
    2. MYANMAR GEM ENTERPRISE (a.k.a. MGE; a.k.a. MYANMA GEM
ENTERPRISE), 66 Kaba Aye Pagoda Road, Rangoon, Mayangone Township
(MYGN), Burma [BURMA]
    3. MYANMAR PEARL ENTERPRISE (a.k.a. MPE; a.k.a. MYANMA PEARL
ENTERPRISE), No. 4345, Bu Khwe, Naypyitaw, Burma [BURMA]

    On May 17, 2016, OFAC, in consultation with the Department of
State, determined that circumstances no longer warrant the inclusion of
the

[[Page 32385]]

following entities on the SDN List and that these entities are no
longer subject to the blocking provisions of Section 1(b) of E.O.
13464:

Entities

    1. CO-OPERATIVE EXPORT-IMPORT ENTERPRISE (a.k.a. CEIE), 259/263
Bogyoke Aung San Street, Yangon, Burma [BURMA]
    2. NO. 1 MINING ENTERPRISE, 90 Kanbe Road, Yankin, Rangoon,
Burma [BURMA]
    3. NO. 2 MINING ENTERPRISE, 90 Kanbe Road, Yankin, Rangoon,
Burma [BURMA]
    4. NO. 3 MINING ENTERPRISE, 90 Kanbe Road, Yankin, Rangoon,
Burma [BURMA]

    Dated: May 17, 2016.
John E. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2016-12011 Filed 5-20-16; 8:45 am]
BILLING CODE 4810-AL-P

Search all of OFAC's Federal Register documents