Additional Designations, Foreign Narcotics Kingpin Designation Act, 62946-62947 [2013-24692]

Download as PDF sroberts on DSK5SPTVN1PROD with FRONT MATTER 62946 Federal Register / Vol. 78, No. 204 / Tuesday, October 22, 2013 / Notices DFAST 10–50 reporting requirements for loans and leases and that eliminating these items from the reporting template would not affect an institution’s ability to project pre-provision net revenue, net income, or regulatory capital in order to assess their capital needs under stressed conditions. Therefore, the OCC eliminated these three supplemental balance sheet memoranda reporting items. Commenters also requested that common stock, retained earnings, surplus, and other equity components be reported as a single line item. The OCC agrees with this comment and has combined the aforementioned capital components into one line item to be reported as ‘‘equity capital.’’ One commenter noted that separately modeling average rates for each type of deposit would also involve a significant amount of work and potentially affect other company-run models. The OCC agrees that the average rate information is not a necessary data input needed for an institution to project losses, preprovision net revenue, or capital. Further, the additional burden placed on institutions to calculate the projected average rates could unnecessarily distract institutions from the primary goal of the annual company-run stress test—to effectively estimate the possible impact of an economic downturn on a firm’s capital position in order to plan for capital needs and identify and manage risk. Therefore, the OCC has removed all average rate memoranda items on the balance sheet. This change is consistent with the OCC’s goal of making the DFAST 10–50 report similar to the Call Report and of reducing new burden on covered institutions. Two commenters favored the elimination of the income statement item for Gains and Losses on Other Real Estate Owned (OREO). One commenter noted that this element could effectively be combined with forecasting of other OREO expenses. The other commenter stated that the level of detail for this element is more granular than what is required for the DFAST 14A template. The OCC notes that gains or losses on OREO are captured in the pre-provision net revenue metrics worksheet of the DFAST 14A template; therefore, this requirement would not be more burdensome for the $10–$50 billion firms. Nevertheless, the OCC has eliminated this item since gains and losses on OREO would already be captured within the non-interest income statement memoranda item ‘‘itemize and describe amounts greater than 15% of non-interest income’’ or in the ‘‘itemize and describe amounts greater than 15% of non-interest expense’’ VerDate Mar<15>2010 21:08 Oct 21, 2013 Jkt 232001 when the amount meets the 15% threshold required by the proposed OCC DFAST 10–50 results template. In response to a few technical comments received, the OCC has adjusted the templates and instructions accordingly. These changes include correction of formulaic errors; correction of Micro Data Reference Manual (MDRM) errors; clarified reporting instructions for income statement memoranda items; and more detailed technical reporting instructions, including the elimination of the contact information schedule as this information would be collected through the results template cover sheet and related data collection application. Burden Estimates: OCC estimates the burden of this collection of information as follows: Estimated Number of Respondents: 33. Estimated Total Annual Burden: 15,312 hours. The burden for each $10 to $50 billion covered institution that completes the DFAST 10–50 results template is estimated to be 440 hours for a total of 14,520 hours. This burden includes 20 hours to input these data and 420 hours for work related to modeling efforts. The estimated burden for each $10 to $50 billion covered institution that completes the annual DFAST scenarios variables template is estimated to be 24 hours for a total of 792 hours. Start up costs for new respondents are estimated to be 93,600 hours and ongoing revisions for existing firms, 4,160 hours. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC’s estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and, (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: October 1, 2013. Michele Meyer, Assistant Director, Legislative and Regulatory Activities Division. [FR Doc. 2013–24721 Filed 10–21–13; 8:45 am] BILLING CODE 4810–33–P PO 00000 Frm 00364 Fmt 4703 Sfmt 4703 DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Additional Designations, Foreign Narcotics Kingpin Designation Act Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The U.S. Department of the Treasury ’s Office of Foreign Assets Control (‘‘OFAC’’) is publishing the names of two individuals and one entity whose property and interests in property have been blocked pursuant to the Foreign Narcotics Kingpin Designation Act (‘‘Kingpin Act’’) (21 U.S.C. 1901–1908, 8 U.S.C. 1182). DATES: The designation by the Director of OFAC of the two individuals and one entity identified in this notice pursuant to section 805(b) of the Kingpin Act is effective on September 30, 2013. FOR FURTHER INFORMATION CONTACT: Assistant Director, Sanctions Compliance & Evaluation, Office of Foreign Assets Control, U.S. Department of the Treasury, Washington, DC 20220, Tel: (202) 622–2490. SUPPLEMENTARY INFORMATION: SUMMARY: Electronic and Facsimile Availability This document and additional information concerning OFAC are available on OFAC’s Web site at https://www.treasury.gov/ofac or via facsimile through a 24-hour fax-ondemand service at (202) 622–0077. Background The Kingpin Act became law on December 3, 1999. The Kingpin Act establishes a program targeting the activities of significant foreign narcotics traffickers and their organizations on a worldwide basis. It provides a statutory framework for the imposition of sanctions against significant foreign narcotics traffickers and their organizations on a worldwide basis, with the objective of denying their businesses and agents access to the U.S. financial system and the benefits of trade and transactions involving U.S. companies and individuals. The Kingpin Act blocks all property and interests in property, subject to U.S. jurisdiction, owned or controlled by significant foreign narcotics traffickers as identified by the President. In addition, the Secretary of the Treasury, in consultation with the Attorney General, the Director of the Central Intelligence Agency, the Director of the Federal Bureau of Investigation, the Administrator of the Drug Enforcement Administration, the Secretary of E:\FR\FM\22OCN1.SGM 22OCN1 Federal Register / Vol. 78, No. 204 / Tuesday, October 22, 2013 / Notices Defense, the Secretary of State, and the Secretary of Homeland Security may designate and block the property and interests in property, subject to U.S. jurisdiction, of persons who are found to be: (1) materially assisting in, or providing financial or technological support for or to, or providing goods or services in support of, the international narcotics trafficking activities of a person designated pursuant to the Kingpin Act; (2) owned, controlled, or directed by, or acting for or on behalf of, a person designated pursuant to the Kingpin Act; or (3) playing a significant role in international narcotics trafficking. On September 30, 2013, the Director of OFAC designated the following two individuals and one entity whose property and interests in property are blocked pursuant to section 805(b) of the Kingpin Act. Individuals 1. PADRO PASTOR, Alvaro; DOB 09 Nov 1975; nationality Spain; R.F.C. PAPA751109870 (Mexico); C.U.R.P. PAPA751109HNEDSL04 (Mexico) (individual) [SDNTK] (Linked To: CASA V; Linked To: PISCILANEA, S.A. DE C.V.). 2. VALLARTA ESCALANTE, Luis Francisco, Calle Chilam Balam No. 279, Supermanzana 50, Manzana 14, Lote 17, Residencial San Angel, Cancun, Quintana Roo, Mexico; DOB 24 Nov 1979; POB Torreon, Coahuila de Zaragoza, Mexico; R.F.C. VAEL791124NXA (Mexico); C.U.R.P. VAEL791124HCLLSS07 (Mexico) (individual) [SDNTK] (Linked To: GRUPO IMPERGOZA, S.A. DE C.V.; Linked To: SOCIALIKA RENTAS Y CATERING, S.A. DE C.V.). Entity 1. CASA V, Av. Vallarta 1339, Colonia Americana, Guadalajara, Jalisco, Mexico [SDNTK]. Dated: September 30, 2013. Adam J. Szubin, Director, Office of Foreign Assets Control. [FR Doc. 2013–24692 Filed 10–21–13; 8:45 am] BILLING CODE 4810–AL–P sroberts on DSK5SPTVN1PROD with FRONT MATTER DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Unblocking of Specially Designated Nationals and Blocked Persons Pursuant to the Foreign Narcotics Kingpin Designation Act Office of Foreign Assets Control, Treasury. AGENCY: VerDate Mar<15>2010 21:08 Oct 21, 2013 Jkt 232001 ACTION: Notice. The Department of the Treasury’s Office of Foreign Assets Control (‘‘OFAC’’) is publishing the names of three individuals and three entities whose property and interests in property have been unblocked pursuant to the Foreign Narcotics Kingpin Designation Act (‘‘Kingpin Act’’) (21 U.S.C. 1901–1908, 8 U.S.C. 1182). DATES: The unblocking and removal from the list of Specially Designated Nationals and Blocked Persons (‘‘SDN List’’) of three individuals and three entities identified in this notice whose property and interests in property were blocked pursuant to the Kingpin Act, is effective on September 26, 2013. FOR FURTHER INFORMATION CONTACT: Assistant Director, Sanctions Compliance & Evaluation, Department of the Treasury, Office of Foreign Assets Control, Washington, DC 20220, Tel: (202) 622–2420. SUPPLEMENTARY INFORMATION: SUMMARY: Electronic and Facsimile Availability This document and additional information concerning OFAC are available from OFAC’s Web site at www.treasury.gov/ofac or via facsimile through a 24-hour fax-on demand service at (202) 622–0077. Background On December 3, 1999, the Kingpin Act was signed into law by the President of the United States. The Kingpin Act provides a statutory framework for the President to impose sanctions against significant foreign narcotics traffickers and their organizations on a worldwide basis, with the objective of denying their businesses and agents access to the U.S. financial system and to the benefits of trade and transactions involving U.S. persons and entities. The Kingpin Act blocks all property and interests in property, subject to U.S. jurisdiction, owned or controlled by significant foreign narcotics traffickers as identified by the President. In addition, the Secretary of the Treasury consults with the Attorney General, the Director of the Central Intelligence Agency, the Director of the Federal Bureau of Investigation, the Administrator of the Drug Enforcement Administration, the Secretary of Defense, the Secretary of State, and the Secretary of Homeland Security when designating and blocking the property or interests in property, subject to U.S. jurisdiction, of persons or entities found to be: (1) materially assisting in, or providing financial or technological support for or to, or providing goods or PO 00000 Frm 00365 Fmt 4703 Sfmt 4703 62947 services in support of, the international narcotics trafficking activities of a person designated pursuant to the Kingpin Act; (2) owned, controlled, or directed by, or acting for or on behalf of, a person designated pursuant to the Kingpin Act; and/or (3) playing a significant role in international narcotics trafficking. On September 26, 2013, the Director of OFAC removed from the SDN List the three individuals and three entities listed below, whose property and interests in property were blocked pursuant to the Kingpin Act: Individuals: 1. DESME HURTADO, Maximo Zadi (a.k.a. DESME, Zadi), c/o AVIANDINA S.A.C., Lima, Peru; c/ o SISTEMA DE DISTRIBUCION MUNDIAL S.A.C., Lima, Peru; Cerro Alto De La Posada 58, Los Andes, Chile; DOB 21 Aug 1958; LE Number 06367724 (Peru) (individual) [SDNTK]. 2. RODRIGUEZ ROMERO, Martha Ines, c/o AGROPECUARIA SERRO S.A.S., Bogota, Colombia; c/o FERTILIZANTES LIQUIDOS DE LA SABANA LTDA., Bogota, Colombia; Calle 109 No. 21–41 Apto. 403, Bogota, Colombia; Calle 109 No. 21–01 Apto. 401, Bogota, Colombia; DOB 18 May 1953; POB Bogota, Colombia; Cedula No. 41590271 (Colombia) (individual) [SDNTK]. 3. SERRALDE RODRIGUEZ, Carlos Hernan, c/o AGROPECUARIA SERRO S.A.S., Bogota, Colombia; c/ o ASOCIACION COLOMBIANA DE CRIADORES DE GANADO LIMOUSIN, Bogota, Colombia; Calle 152 No. 58–51 Apto. 501—Torre 5, Bogota, Colombia; DOB 08 Oct 1975; POB Bogota, Colombia; Cedula No. 79689496 (Colombia) (individual) [SDNTK]. Entities: 1. AGROPECUARIA SERRO S.A.S. (a.k.a. AGROSERRO), Carrera 14A No. 101–11 Of. 403, Bogota, Colombia; Finca Criadero Las Palmas, Guaymaral, Cundinamarca, Colombia; NIT # 890935433–8 (Colombia) [SDNTK]. 2. ASOCIACION COLOMBIANA DE CRIADORES DE GANADO LIMOUSIN (a.k.a. ASOLIMOUSIN), Carrera 14A No. 101–11 Of. 403, Bogota, Colombia; NIT # 800099351–8 (Colombia) [SDNTK]. 3. FERTILIZANTES LIQUIDOS DE LA SABANA LTDA. (a.k.a. FERTILISA LTDA.), Calle 98 Bis No. 57–66, Bogota, Colombia; Calle 98 Bis No. 71A–66, Bogota, Colombia; Via Siberia-Cota Km. 6, Vereda Rozo, Finca Ancon, Cota, Cundinamarca, E:\FR\FM\22OCN1.SGM 22OCN1

Agencies

[Federal Register Volume 78, Number 204 (Tuesday, October 22, 2013)]
[Notices]
[Pages 62946-62947]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-24692]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Additional Designations, Foreign Narcotics Kingpin Designation 
Act

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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

SUMMARY: The U.S. Department of the Treasury 's Office of Foreign 
Assets Control (``OFAC'') is publishing the names of two individuals 
and one entity whose property and interests in property have been 
blocked pursuant to the Foreign Narcotics Kingpin Designation Act 
(``Kingpin Act'') (21 U.S.C. 1901-1908, 8 U.S.C. 1182).

DATES: The designation by the Director of OFAC of the two individuals 
and one entity identified in this notice pursuant to section 805(b) of 
the Kingpin Act is effective on September 30, 2013.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Sanctions 
Compliance & Evaluation, Office of Foreign Assets Control, U.S. 
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 on OFAC's Web site at https://www.treasury.gov/ofac or via 
facsimile through a 24-hour fax-on-demand service at (202) 622-0077.

Background

    The Kingpin Act became law on December 3, 1999. The Kingpin Act 
establishes a program targeting the activities of significant foreign 
narcotics traffickers and their organizations on a worldwide basis. It 
provides a statutory framework for the imposition of sanctions against 
significant foreign narcotics traffickers and their organizations on a 
worldwide basis, with the objective of denying their businesses and 
agents access to the U.S. financial system and the benefits of trade 
and transactions involving U.S. companies and individuals.
    The Kingpin Act blocks all property and interests in property, 
subject to U.S. jurisdiction, owned or controlled by significant 
foreign narcotics traffickers as identified by the President. In 
addition, the Secretary of the Treasury, in consultation with the 
Attorney General, the Director of the Central Intelligence Agency, the 
Director of the Federal Bureau of Investigation, the Administrator of 
the Drug Enforcement Administration, the Secretary of

[[Page 62947]]

Defense, the Secretary of State, and the Secretary of Homeland Security 
may designate and block the property and interests in property, subject 
to U.S. jurisdiction, of persons who are found to be: (1) materially 
assisting in, or providing financial or technological support for or 
to, or providing goods or services in support of, the international 
narcotics trafficking activities of a person designated pursuant to the 
Kingpin Act; (2) owned, controlled, or directed by, or acting for or on 
behalf of, a person designated pursuant to the Kingpin Act; or (3) 
playing a significant role in international narcotics trafficking.
    On September 30, 2013, the Director of OFAC designated the 
following two individuals and one entity whose property and interests 
in property are blocked pursuant to section 805(b) of the Kingpin Act.

Individuals

1. PADRO PASTOR, Alvaro; DOB 09 Nov 1975; nationality Spain; R.F.C. 
PAPA751109870 (Mexico); C.U.R.P. PAPA751109HNEDSL04 (Mexico) 
(individual) [SDNTK] (Linked To: CASA V; Linked To: PISCILANEA, S.A. DE 
C.V.).
2. VALLARTA ESCALANTE, Luis Francisco, Calle Chilam Balam No. 279, 
Supermanzana 50, Manzana 14, Lote 17, Residencial San Angel, Cancun, 
Quintana Roo, Mexico; DOB 24 Nov 1979; POB Torreon, Coahuila de 
Zaragoza, Mexico; R.F.C. VAEL791124NXA (Mexico); C.U.R.P. 
VAEL791124HCLLSS07 (Mexico) (individual) [SDNTK] (Linked To: GRUPO 
IMPERGOZA, S.A. DE C.V.; Linked To: SOCIALIKA RENTAS Y CATERING, S.A. 
DE C.V.).

Entity

1. CASA V, Av. Vallarta 1339, Colonia Americana, Guadalajara, Jalisco, 
Mexico [SDNTK].

    Dated: September 30, 2013.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 2013-24692 Filed 10-21-13; 8:45 am]
BILLING CODE 4810-AL-P

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