Notice of OFAC Sanctions Actions

Notice published May 21, 2019 · 84 FR 23165

Document number: FR Doc. 2019-10492
Type: Notice
Published: May 21, 2019
Citation: 84 FR 23165 (pages 23,165–23,166)
Action: Notice.
Dates: See SUPPLEMENTARY INFORMATION section.
Docket: Case IDs VENEZUELA-EO13850-15818, VENEZUELA-EO13850-15819
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: (1) Providing notice of the sectoral determination by the Secretary of the Treasury pursuant to Executive Order 13850 ("Blocking Property of Additional Persons Contributing to the Situation in Venezuela"), as amended (E.O. 13850); and (2) publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.

Executive orders cited

Executive Order 13850 · Other documents citing it · OFAC program tags: VENEZUELA-EO13850
Executive Order 13857 · 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 84, Number 98 (Tuesday, May 21, 2019)]
[Notices]
[Pages 23165-23166]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-10492]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

[Case IDs VENEZUELA-EO13850-15818, VENEZUELA-EO13850-15819]


Notice of OFAC Sanctions Actions

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is: (1) Providing notice of the sectoral determination
by the Secretary of the Treasury pursuant to Executive Order 13850
(``Blocking Property of Additional Persons Contributing to the
Situation in Venezuela''), as amended (E.O. 13850); and (2) publishing
the names of one or more persons that have been placed on OFAC's
Specially Designated Nationals and Blocked Persons List based on OFAC's
determination that one or more applicable legal criteria were
satisfied. All property and interests in property subject to U.S.
jurisdiction of these persons are blocked, and U.S. persons are
generally prohibited from engaging in transactions with them.

DATES: See SUPPLEMENTARY INFORMATION section.

FOR FURTHER INFORMATION CONTACT: OFAC: Associate Director for Global
Targeting, tel.: 202-622-2420; Assistant Director for Sanctions
Compliance & Evaluation, tel.: 202-622-2490; Assistant Director for
Licensing, tel.: 202-622-2480; Assistant Director for Regulatory
Affairs, tel.: 202-622-4855; or the Department of the Treasury's Office
of the General Counsel: Office of the Chief Counsel (Foreign Assets
Control), tel.: 202-622-2410.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    The Specially Designated Nationals and Blocked Persons List and
additional information concerning OFAC sanctions programs are available
on OFAC's website (https://www.treasury.gov/ofac).

Notice of OFAC Actions

Sectoral Determination by the Secretary of the Treasury Pursuant to
E.O. 13850

    On March 22, 2019, the Secretary of the Treasury made the following
determination:
    Section 1(a) of E.O. 13850 of November 1, 2018 (``Blocking Property
of Additional Persons Contributing to the Situation in Venezuela'')
(E.O. 13850), as amended by Executive Order 13857 of January 25, 2019
(``Taking Additional Steps to Address the National Emergency With
Respect to Venezuela'') (E.O. 13857), imposes economic sanctions on any
person determined by the Secretary of the Treasury, in consultation
with the Secretary of State, to operate in such sectors of the
Venezuelan economy as may be determined, pursuant to section 1(a)(i) of
E.O. 13850, by the Secretary of the Treasury, in consultation with the
Secretary of State.
    To further address the extraordinary threat to the national
security and foreign policy of the United States

[[Page 23166]]

described in E.O. 13850, as amended by E.O. 13857, and in consultation
with the Secretary of State, I hereby determine that section 1(a)(i)
shall apply to the financial sector of the Venezuelan economy. Any
person I or my designee subsequently determine, in consultation with
the Secretary of State, operates in this sector shall be subject to
sanctions pursuant to section 1(a)(i).

Blocking of Property and Interests in Property Pursuant to E.O. 13850

    On March 22, 2019, OFAC determined that the property and interests
in property subject to U.S. jurisdiction of the following person are
blocked under the relevant sanctions authority listed below.

Entities

    1. BANCO DE DESARROLLO ECONOMICO Y SOCIAL DE VENEZUELA (a.k.a.
BANCO BANDES; a.k.a. BANDES; f.k.a. FONDO DE INVERSIONES DE
VENEZUELA), Av. Universidad, Esq. de Traposos a Colon, P-1, Torre
BANDES, CARACAS, DISTRITO FEDERAL 1010, Venezuela; Edificio Fondo de
Inversiones de Venezuela Avenida Norte 1, Esquina Colon a Traposos,
Caracas, Venezuela; SWIFT/BIC FIVV VE CA; National ID No. G200047526
(Venezuela) [VENEZUELA-EO13850].
    Designated pursuant to section 1(a)(i) of Executive Order 13850
(E.O. 13850) of November 1, 2018, ``Blocking Property of Additional
Persons Contributing to the Situation in Venezuela,'' as amended by
Executive Order 13857 (E.O. 13857) of January 25, 2019, ``Taking
Additional Steps to Address the National Emergency with Respect to
Venezuela,'' for operating in the financial sector of the Venezuelan
economy.
    2. BANCO BANDES URUGUAY S.A. (a.k.a. BANDES URUGUAY), Zabala
1338, Montevideo 11000, Uruguay; SWIFT/BIC CFACUYMM; National ID No.
215395820015 (Uruguay) [VENEZUELA-EO13850] (Linked To: BANCO DE
DESARROLLO ECONOMICO Y SOCIAL DE VENEZUELA).
    Designated pursuant to section 1(a)(iv) of E.O. 13850, as
amended by E.O. 13857, for being owned or controlled by, or having
acted or purported to act for or on behalf of, directly or
indirectly, BANCO DE DESARROLLO ECONOMICO Y SOCIAL DE VENEZUELA
(BANDES).
    3. BANCO BICENTENARIO DEL PUEBLO, DE LA CLASE OBRERA, MUJER Y
COMUNAS, BANCO UNIVERSAL C.A. (f.k.a. BANCO BICENTENARIO BANCO
UNIVERSAL C.A.; a.k.a. BANCO BICENTENARIO DEL PUEBLO; a.k.a. BANCO
BICENTENARIO DEL PUEBLO, DE LA CLASE OBRERA, MUJER Y COMUNAS, BANCO
UNIVERSAL CA), Av Venezuela, Torre Banco Bicentenario, P.P, El
Rosal, Caracas, Distrito Capital, Venezuela; SWIFT/BIC COND VE CP;
National ID No. G200091487 (Venezuela) [VENEZUELA-EO13850] (Linked
To: BANCO DE DESARROLLO ECONOMICO Y SOCIAL DE VENEZUELA).
    Designated pursuant to section 1(a)(iv) of E.O. 13850, as
amended by E.O. 13857, for being owned or controlled by, or having
acted or purported to act for or on behalf of, directly or
indirectly, BANDES.
    4. BANCO DE VENEZUELA SA BANCO UNIVERSAL (a.k.a. BANCO DE
VENEZUELA; a.k.a. BANCO DE VENEZUELA SA, BANCO UNIVERSAL; f.k.a.
BANCO DE VENEZUELA, S.A.; a.k.a. BANCO DE VENEZUELA, S.A.C.A.), Av
Universidad Esq. de Sociedad, Torre Banco de Venezuela, Caracas,
Distrito Federal, Venezuela; SWIFT/BIC VZLA VE CA; National ID No.
G200099976 (Venezuela) [VENEZUELA-EO13850] (Linked To: BANCO DE
DESARROLLO ECONOMICO Y SOCIAL DE VENEZUELA).
    Designated pursuant to section 1(a)(iv) of E.O. 13850, as
amended by E.O. 13857, for being owned or controlled by, or having
acted or purported to act for or on behalf of, directly or
indirectly, BANDES.
    5. BANCO PRODEM SA (f.k.a. FONDO FINANCIERO PRIVADO PRODEM
S.A.), Calle Belisario Salinas No 520, esquina, Sanchez Lima, La
Paz, La Paz, Bolivia; SWIFT/BIC BPRM BO LP; Tax ID No. 1029837028
[VENEZUELA-EO13850] (Linked To: BANCO DE DESARROLLO ECONOMICO Y
SOCIAL DE VENEZUELA).
    Designated pursuant to section 1(a)(iv) of E.O. 13850, as
amended by E.O. 13857, for being owned or controlled by, or having
acted or purported to act for or on behalf of, directly or
indirectly, BANDES.

    Dated: May 15, 2019.
Andrea Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2019-10492 Filed 5-20-19; 8:45 am]
 BILLING CODE 4810-AL-P

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