Sanctions Actions Pursuant to Executive Order 13660, 81866 [2016-27736]

Download as PDF mstockstill on DSK3G9T082PROD with NOTICES 81866 Federal Register / Vol. 81, No. 223 / Friday, November 18, 2016 / Notices by the banking entity (and such affiliates) in each foreign public fund and each jurisdiction in which any such foreign public fund is organized, calculated as of the end of each calendar quarter, which documentation must continue until the banking entity’s aggregate amount of ownership interests in foreign public funds is below $50 million for two consecutive calendar quarters. Section 44.20(f)(1) applies to banking entities with no covered activities. A banking entity that does not engage in activities or investments pursuant to subpart B or subpart C of part 44 (other than trading activities permitted pursuant to § 44.6(a)) may satisfy the requirements of § 44.20 by establishing the required compliance program prior to becoming engaged in such activities or making such investments (other than trading activities permitted pursuant to § 44.6(a)). Section 44.20(f)(2) applies to banking entities with modest activities. A banking entity with total consolidated assets of $10 billion or less as reported on December 31 of the previous two calendar years that engages in activities or investments pursuant to subpart B or subpart C of part 44 (other than trading activities permitted under § 44.6(a)) may satisfy the requirements of § 44.20 by including in its existing compliance policies and procedures appropriate references to the requirements of section 13 of the BHC Act and part 44 and adjustments as appropriate given the activities, size, scope and complexity of the banking entity. Section 44.11(a)(8)(i) requires that a banking entity clearly and conspicuously disclose, in writing, to any prospective and actual investor in the covered fund (such as through disclosure in the covered fund’s offering documents): (1) That any losses in such covered fund will be borne solely by investors in the covered fund and not by the banking entity or its affiliates; therefore, the banking entity’s losses in such covered fund will be limited to losses attributable to the ownership interests in the covered fund held by the banking entity and any affiliate in its capacity as investor in the covered fund or as beneficiary of a restricted profit interest held by the banking entity or any affiliate; (2) that such investor should read the fund offering documents before investing in the covered fund; (3) that the ownership interests in the covered fund are not insured by the FDIC, and are not deposits, obligations of, or endorsed or guaranteed in any way, by any banking entity (unless that happens to be the case); and (4) the role of the banking VerDate Sep<11>2014 20:21 Nov 17, 2016 Jkt 241001 entity and its affiliates and employees in sponsoring or providing any services to the covered fund. Affected Public: Businesses or other for-profit. Burden Estimates: Number of respondents: 381. Total estimated annual burden: 28,016 hours (14,386 hours for initial setup and 13,630 hours for ongoing compliance). Frequency of Response: On occasion. Comments: Comments submitted in response to this notice will be summarized and included in the request for OMB approval. All comments will become a matter of public record. Comments are 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 information collection burden; (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: November 10, 2016. Karen Solomon, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2016–27711 Filed 11–17–16; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Sanctions Actions Pursuant to Executive Order 13660 Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The Treasury Department’s Office of Foreign Assets Control (OFAC) is publishing the names of six persons whose property and interests in property are blocked pursuant to Executive Order (E.O.) 13660. DATES: OFAC’s actions described in this notice were effective on November 14, 2016, as further specified below. FOR FURTHER INFORMATION CONTACT: The Department of the Treasury’s Office of Foreign Assets Control: Assistant SUMMARY: PO 00000 Frm 00148 Fmt 4703 Sfmt 4703 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 Availability The Specially Designated Nationals and Blocked Persons List and additional information concerning OFAC sanctions programs are available on OFAC’s Web site (www.treas.gov/ofac). Notice of OFAC Actions On November 14, 2016, OFAC blocked the property and interests in property of the following persons pursuant to E.O. 13660, ‘‘Blocking Property of Certain Persons Contributing to the Situation in Ukraine’’: Individuals 1. BAKHAREV, Konstantin Mikhailovich; DOB 20 Oct 1972; POB Ukraine; Gender Male (individual) [UKRAINE–EO13660]. 2. BALBEK, Ruslan Ismailovich; DOB 28 Aug 1977; POB Uzbekistan; Gender Male (individual) [UKRAINE–EO13660]. 3. BELIK, Dmitry Anatolievich; DOB 17 Oct 1969; POB Russia; Gender Male (individual) [UKRAINE–EO13660]. 4. KOZENKO, Andrey Dmitrievich; DOB 03 Aug 1981; POB Ukraine Gender Male (individual) [UKRAINE–EO13660]. 5. SAVCHENKO, Svetlana Borisovna; DOB 24 Jun 1965; POB Ukraine Gender Female (individual) [UKRAINE–EO13660]. 6. SHPEROV, Pavel Valentinovich; DOB 04 Jul 1971; POB Ukraine; Gender Male (individual) [UKRAINE–EO13660]. Dated: November 14, 2016. John E. Smith, Acting Director, Office of Foreign Assets Control. [FR Doc. 2016–27736 Filed 11–17–16; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request November 15, 2016. The Department of the Treasury will submit the following information collection request(s) to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104–13, on or after the date of publication of this notice. DATES: Comments should be received on or before December 19, 2016 to be assured of consideration. E:\FR\FM\18NON1.SGM 18NON1

Agencies

[Federal Register Volume 81, Number 223 (Friday, November 18, 2016)]
[Notices]
[Page 81866]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-27736]


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

DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Sanctions Actions Pursuant to Executive Order 13660

AGENCY:  Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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

SUMMARY: The Treasury Department's Office of Foreign Assets Control 
(OFAC) is publishing the names of six persons whose property and 
interests in property are blocked pursuant to Executive Order (E.O.) 
13660.

DATES: OFAC's actions described in this notice were effective on 
November 14, 2016, as further specified below.

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 Availability

    The Specially Designated Nationals and Blocked Persons List and 
additional information concerning OFAC sanctions programs are available 
on OFAC's Web site (www.treas.gov/ofac).

Notice of OFAC Actions

    On November 14, 2016, OFAC blocked the property and interests in 
property of the following persons pursuant to E.O. 13660, ``Blocking 
Property of Certain Persons Contributing to the Situation in Ukraine'':

Individuals

    1. BAKHAREV, Konstantin Mikhailovich; DOB 20 Oct 1972; POB 
Ukraine; Gender Male (individual) [UKRAINE-EO13660].
    2. BALBEK, Ruslan Ismailovich; DOB 28 Aug 1977; POB Uzbekistan; 
Gender Male (individual) [UKRAINE-EO13660].
    3. BELIK, Dmitry Anatolievich; DOB 17 Oct 1969; POB Russia; 
Gender Male (individual) [UKRAINE-EO13660].
    4. KOZENKO, Andrey Dmitrievich; DOB 03 Aug 1981; POB Ukraine 
Gender Male (individual) [UKRAINE-EO13660].
    5. SAVCHENKO, Svetlana Borisovna; DOB 24 Jun 1965; POB Ukraine 
Gender Female (individual) [UKRAINE-EO13660].
    6. SHPEROV, Pavel Valentinovich; DOB 04 Jul 1971; POB Ukraine; 
Gender Male (individual) [UKRAINE-EO13660].

    Dated: November 14, 2016.
John E. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2016-27736 Filed 11-17-16; 8:45 am]
 BILLING CODE 4810-AL-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.