Sanctions Actions Pursuant to Executive Orders 13382, 9960-9961 [2017-02568]

Download as PDF asabaliauskas on DSK3SPTVN1PROD with NOTICES 9960 Federal Register / Vol. 82, No. 25 / Wednesday, February 8, 2017 / Notices must maintain compliance. The institution must have procedures to identify, monitor, and control wrongway risk throughout the life of an exposure and they must include stress testing and scenario analysis. Section 3.132(d)(3)(viii) addresses counterparty credit risk of repo-style transactions, eligible margin loans, and OTC derivative contracts. When estimating model parameters based on a stress period, an institution must use at least three years of historical data that include a period of stress to the credit default spreads of the institution’s counterparties. The institution must review the data set and update the data as necessary, particularly for any material changes in its counterparties. The institution must demonstrate at least quarterly that the stress period coincides with increased credit default swap (CDS) or other credit spreads of the institution’s counterparties. The institution must have procedures to evaluate the effectiveness of its stress calibration that include a process for using benchmark portfolios that are vulnerable to the same risk factors as the institution’s portfolio. The OCC may require the institution to modify its stress calibration to better reflect actual historic losses of the portfolio. Section 3.132(d)(3)(ix), regarding counterparty credit risk of repo-style transactions, eligible margin loans, and OTC derivative contracts, requires that an institution must subject its internal model to an initial validation and annual model review process that includes consideration of whether the inputs and risk factors, as well as the model outputs, are appropriate. This section requires institutions to have a backtesting program for its model that includes a process by which unacceptable model performance will be determined and remedied. Section 3.132(d)(3)(x), regarding counterparty credit risk of repo-style transactions, eligible margin loans, and OTC derivative contracts, provides that an institution must have policies for the measurement, management, and control of collateral and margin amounts. Section 3.132(d)(3)(xi), concerning counterparty credit risk of repo-style transactions, eligible margin loans, and OTC derivative contracts, states that an institution must have a comprehensive stress testing program that captures all credit exposures to counterparties, and incorporates stress testing of principal market risk factors and creditworthiness of counterparties. Section 3.141 relates to operational criteria for recognizing the transfer of risk in connection with a securitization. Section 3.141(b)(3) requires an VerDate Sep<11>2014 17:36 Feb 07, 2017 Jkt 241001 institution to obtain a well-reasoned legal opinion confirming the enforceability of the credit risk mitigant in all relevant jurisdictions in order to recognize the transference of risk in connection with a synthetic securitization. An institution must demonstrate its comprehensive understanding of a securitization exposure under § 3.141(c)(2) for each securitization exposure by conducting an analysis of the risk characteristics of a securitization exposure prior to acquiring the exposure and document such analysis within three business days after acquiring the exposure. Sections 3.141(c)(2)(i) and (ii) require that institutions, on an on-going basis (at least quarterly), evaluate, review, and update as appropriate the analysis required under this section for each securitization exposure. Section 3.142(h)(2), regarding the capital treatment for securitization exposures, requires an institution to disclose publicly if it has provided implicit support to a securitization and the regulatory capital impact to the institution of providing such implicit support. Section 3.153(b), outlining the Internal Models Approach (IMA) for calculating risk-weighted assets for equity exposures, specifies that an institution must receive prior written approval from the OCC before it can use IMA. Section 3.172 specifies that each advanced approaches institution that has completed the parallel run process must publicly disclose its total and tier 1 risk-based capital ratios and their components. Section 3.173 addresses disclosures by an advanced approaches institution that is not a consolidated subsidiary of an equity that is subject to the Basel III disclosure requirements. An advanced approaches institution that is subject to the disclosure requirements must make the disclosures described in Tables 1 through 12. The institution must make these disclosures publicly available for each of the last three years (that is, twelve quarters) or such shorter period beginning on the effective date of this subpart E. The tables to § 3.173 require qualitative and quantitative public disclosures for capital structure, capital adequacy, capital conservation and countercyclical buffers, credit risk, securitization, operational risk, equities not subject to the market risk capital requirements, and interest rate risk for non-trading activities. Burden Estimates: Estimated Number of Respondents: 1,365. PO 00000 Frm 00252 Fmt 4703 Sfmt 4703 Estimated Total Annual Burden Hours: 240,711. 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 collections of information are necessary for the proper performance of the OCC’s functions, including whether the information has practical utility; (b) The accuracy of the OCC’s estimates of the burden of the information collections, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; and (d) Ways to minimize the burden of information collections on respondents, including through the use of automated collection techniques or other forms of information technology. Dated: February 1, 2017. Karen Solomon, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2017–02583 Filed 2–7–17; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Sanctions Actions Pursuant to Executive Orders 13382 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 nine individuals and eight entities whose property and interests in property are blocked pursuant to Executive Order (E.O.) 13382. DATES: OFAC’s actions described in this notice were effective on February 3, 2017, 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: SUMMARY: E:\FR\FM\08FEN1.SGM 08FEN1 Federal Register / Vol. 82, No. 25 / Wednesday, February 8, 2017 / Notices 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 February 3, 2017, OFAC blocked the property and interests in property of the following nine persons pursuant to E.O. 13382, ‘‘Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters’’: Individuals asabaliauskas on DSK3SPTVN1PROD with NOTICES 1. ASGHARZADEH, Abdollah; DOB 16 Sep 1968; Additional Sanctions Information— Subject to Secondary Sanctions (individual) [NPWMD] [IFSR]. 2. DARIAN, Tenny (a.k.a. SHAKHDARIAN, Tenny); DOB 06 Sep 1979; POB Tehran, Iran; citizen Iran; Additional Sanctions Information—Subject to Secondary Sanctions; Passport B23545963 expires 05 Mar 2017 (individual) [NPWMD] [IFSR]. 3. XIANHUA, Qin (a.k.a. QIN, Jack; a.k.a. XIANHUA, Jack); DOB 08 Jan 1979; citizen China; Additional Sanctions Information— Subject to Secondary Sanctions; Passport E31457650 expires 21 Oct 2023 (individual) [NPWMD] [IFSR]. 4. YUE, Richard (a.k.a. YAODONG, Yue); DOB 22 May 1974; Additional Sanctions Information—Subject to Secondary Sanctions (individual) [NPWMD] [IFSR]. 5. ZHOU, Carol; DOB 30 Oct 1982; Additional Sanctions Information—Subject to Secondary Sanctions (individual) [NPWMD] [IFSR]. 6. MAGHAM, Mohammad; DOB 16 Sep 1970; nationality Iran; Additional Sanctions Information—Subject to Secondary Sanctions; Passport H22452336 (Iran) (individual) [NPWMD] [IFSR]. 7. ZAHEDI, Mostafa (a.k.a. KHAZE, Karim; a.k.a. LIU, Jhon; a.k.a. OMAR, Asem; a.k.a. ‘‘IBRAHIM, Mohammad’’; a.k.a. ‘‘IBRAHIM, Mohammed’’); DOB 29 Jun 1978; Additional Sanctions Information—Subject to Secondary Sanctions (individual) [NPWMD] [IFSR]. 8. ZARGARI, Ghodrat (a.k.a. ZARGARI, Ghodratollah); DOB 1944; Additional Sanctions Information—Subject to Secondary Sanctions (individual) [NPWMD] [IFSR]. 9. ROSTAMIAN, Kambiz, Villa No. 13, Cluster 31 Juemierah Islands, Dubai, United Arab Emirates; DOB 27 Aug 1960; Additional Sanctions Information—Subject to Secondary Sanctions; Passport RE0003026 (Saint Kitts and Nevis); alt. Passport I17217816 (Iran) (individual) [NPWMD] [IFSR]. On February 3, 2017, OFAC blocked the property and interests in property of the following eight entities pursuant to E.O. 13382, ‘‘Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters’’: Qingdao, China; Additional Sanctions Information—Subject to Secondary Sanctions [NPWMD] [IFSR]. 2. EAST STAR COMPANY (a.k.a. SATEREH SHARGH MOBIN CO.; a.k.a. SATEREH SHARGH SAMIN CO., LTD.; a.k.a. SETAREH SHARGH CO.), Unit 5, Third Floor, 15th Street, Bokharest Avenue, Tehran, Iran; Additional Sanctions Information—Subject to Secondary Sanctions [NPWMD] [IFSR]. 3. NINGBO NEW CENTURY IMPORT AND EXPORT COMPANY, LTD. (a.k.a. NEW CENTURY IMPORT AND EXPORT CO. LTD), 5 Hongtang South Road, Jiangbei, Ningbo 315033, China; Additional Sanctions Information—Subject to Secondary Sanctions [NPWMD] [IFSR]. 4. OFOG SABZE DARYA COMPANY, Unit Seven, Fourth Floor, Number 18, 15th Street, Khaled Eslamboli Street, Beheshti Avenue, Tehran, Iran; Additional Sanctions Information—Subject to Secondary Sanctions [NPWMD] [IFSR]. 5. ERVIN DANESH ARYAN COMPANY (a.k.a. ERVIN DANESH), 5th Floor, No. 78, Forsat Shirazi Street, North Kargar Street, Tehran, Iran; Additional Sanctions Information—Subject to Secondary Sanctions [NPWMD] [IFSR]. 6. ZIST TAJHIZ POOYESH COMPANY (a.k.a. POOYESH ENVIRONMENTAL INSTRUMENTS; a.k.a. ZIEST TAJHIEZ POOYESH), 16, Afshar Alley, Fajr Street, Motahari Avenue, Tehran, Iran; Web site www.pooyeshenviro.ir; Additional Sanctions Information—Subject to Secondary Sanctions [NPWMD] [IFSR]. 7. MKS INTERNATIONAL CO. LTD. (a.k.a. MKS INTERNATIONAL; a.k.a. MKS INTERNATIONAL GROUP), Office No. 4, Babataher Street, Dr Fatemi Avenue, Tehran, Iran; P.O. BOX 14155–4618, Tehran, Iran; Additional Sanctions Information—Subject to Secondary Sanctions [NPWMD] [IFSR]. 8. ROYAL PEARL GENERAL T.R.D. (a.k.a. ROYAL PEARL CHEMICAL; a.k.a. ROYAL PEARLS; a.k.a. ROYAL PEARLS GENERAL TRADING), P.O. Box 74382, Dubai, United Arab Emirates; Office No. 8, Near Regal International, Sheikh Zayed Road, Dubai 74382, United Arab Emirates; Web site www.royalpearlchem.com; Additional Sanctions Information—Subject to Secondary Sanctions [NPWMD] [IFSR]. Dated: February 3, 2017. Andrea M. Gacki, Acting Director, Office of Foreign Assets Control. [FR Doc. 2017–02568 Filed 2–7–17; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Sanctions Actions Pursuant to Executive Order 13224 Entities AGENCY: 1. COSAILING BUSINESS TRADING COMPANY LIMITED, 2808 Number 1 Building, 98 Nanjing Road, Shinan District, ACTION: VerDate Sep<11>2014 17:36 Feb 07, 2017 Jkt 241001 Office of Foreign Assets Control, Treasury. PO 00000 Notice. Frm 00253 Fmt 4703 Sfmt 4703 9961 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing the names of 4 individuals and 4 entities whose property and interests in property are blocked pursuant to Executive Order 13224 of September 23, 2001, ‘‘Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism.’’ DATES: OFAC’s actions described in this notice were effective on February 3, 2017. SUMMARY: FOR FURTHER INFORMATION CONTACT: 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, Office of Foreign Assets Control, or Chief Counsel (Foreign Assets Control), tel.: 202–622–2410, Office of the General Counsel, Department of the Treasury (not toll free numbers). SUPPLEMENTARY INFORMATION: Electronic Availability The SDN List and additional information concerning OFAC sanctions programs are available from OFAC’s Web site (www.treas.gov/ofac). Notice of OFAC Actions On February 3, 2017, OFAC blocked the property and interests in property of the following 4 individuals and 4 entities pursuant to E.O. 13224, ‘‘Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten To Commit, or Support Terrorism’’: Individual(s) 1. AL-HAJJ, Yahya (a.k.a. AL-HAJ, Yahya; a.k.a. AL-HAJ, Yehia Issa Mohamad); DOB 23 May 1959; POB Aramta, Lebanon; Additional Sanctions Information—Subject to Secondary Sanctions; Gender Male; Passport RL 2544590 (Lebanon) issued 07 Jun 2013 expires 07 Jun 2018 (individual) [SDGT] [IRGC] [IFSR]. 2. EBRAHIMI, Hasan Dehghan (a.k.a. IBRAHIMI, Hasan Dahqan); DOB 21 Mar 1961; POB Dezfool, Iran; Additional Sanctions Information—Subject to Secondary Sanctions; Gender Male; Passport U19707756 (Iran) issued 12 May 2011 expires 11 May 2016 (individual) [SDGT] [IRGC] [IFSR]. 3. FARHAT, Muhammad ’Abd-al-Amir (a.k.a. FARHAT, Mohammad; a.k.a. FARHAT, Mohammad Abdul Amir); DOB 23 Aug 1969; POB Kuwait; Additional Sanctions Information—Subject to Secondary Sanctions; Gender Male; Passport RL 2325452 (Lebanon) expires 31 Jul 2017 (individual) [SDGT] [IRGC] [IFSR]. 4. SHARIFI, Ali (a.k.a. SALEHI, Ali); DOB 23 Feb 1966; POB Tehran, Iran; Additional Sanctions Information—Subject to Secondary Sanctions; Gender Male; Passport E:\FR\FM\08FEN1.SGM 08FEN1

Agencies

[Federal Register Volume 82, Number 25 (Wednesday, February 8, 2017)]
[Notices]
[Pages 9960-9961]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-02568]


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

DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Sanctions Actions Pursuant to Executive Orders 13382

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 nine individuals and eight 
entities whose property and interests in property are blocked pursuant 
to Executive Order (E.O.) 13382.

DATES: OFAC's actions described in this notice were effective on 
February 3, 2017, 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: 

[[Page 9961]]

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 February 3, 2017, OFAC blocked the property and interests in 
property of the following nine persons pursuant to E.O. 13382, 
``Blocking Property of Weapons of Mass Destruction Proliferators and 
Their Supporters'':

Individuals

    1. ASGHARZADEH, Abdollah; DOB 16 Sep 1968; Additional Sanctions 
Information--Subject to Secondary Sanctions (individual) [NPWMD] 
[IFSR].
    2. DARIAN, Tenny (a.k.a. SHAKHDARIAN, Tenny); DOB 06 Sep 1979; 
POB Tehran, Iran; citizen Iran; Additional Sanctions Information--
Subject to Secondary Sanctions; Passport B23545963 expires 05 Mar 
2017 (individual) [NPWMD] [IFSR].
    3. XIANHUA, Qin (a.k.a. QIN, Jack; a.k.a. XIANHUA, Jack); DOB 08 
Jan 1979; citizen China; Additional Sanctions Information--Subject 
to Secondary Sanctions; Passport E31457650 expires 21 Oct 2023 
(individual) [NPWMD] [IFSR].
    4. YUE, Richard (a.k.a. YAODONG, Yue); DOB 22 May 1974; 
Additional Sanctions Information--Subject to Secondary Sanctions 
(individual) [NPWMD] [IFSR].
    5. ZHOU, Carol; DOB 30 Oct 1982; Additional Sanctions 
Information--Subject to Secondary Sanctions (individual) [NPWMD] 
[IFSR].
    6. MAGHAM, Mohammad; DOB 16 Sep 1970; nationality Iran; 
Additional Sanctions Information--Subject to Secondary Sanctions; 
Passport H22452336 (Iran) (individual) [NPWMD] [IFSR].
    7. ZAHEDI, Mostafa (a.k.a. KHAZE, Karim; a.k.a. LIU, Jhon; 
a.k.a. OMAR, Asem; a.k.a. ``IBRAHIM, Mohammad''; a.k.a. ``IBRAHIM, 
Mohammed''); DOB 29 Jun 1978; Additional Sanctions Information--
Subject to Secondary Sanctions (individual) [NPWMD] [IFSR].
    8. ZARGARI, Ghodrat (a.k.a. ZARGARI, Ghodratollah); DOB 1944; 
Additional Sanctions Information--Subject to Secondary Sanctions 
(individual) [NPWMD] [IFSR].
    9. ROSTAMIAN, Kambiz, Villa No. 13, Cluster 31 Juemierah 
Islands, Dubai, United Arab Emirates; DOB 27 Aug 1960; Additional 
Sanctions Information--Subject to Secondary Sanctions; Passport 
RE0003026 (Saint Kitts and Nevis); alt. Passport I17217816 (Iran) 
(individual) [NPWMD] [IFSR].

    On February 3, 2017, OFAC blocked the property and interests in 
property of the following eight entities pursuant to E.O. 13382, 
``Blocking Property of Weapons of Mass Destruction Proliferators and 
Their Supporters'':

Entities

    1. COSAILING BUSINESS TRADING COMPANY LIMITED, 2808 Number 1 
Building, 98 Nanjing Road, Shinan District, Qingdao, China; 
Additional Sanctions Information--Subject to Secondary Sanctions 
[NPWMD] [IFSR].
    2. EAST STAR COMPANY (a.k.a. SATEREH SHARGH MOBIN CO.; a.k.a. 
SATEREH SHARGH SAMIN CO., LTD.; a.k.a. SETAREH SHARGH CO.), Unit 5, 
Third Floor, 15th Street, Bokharest Avenue, Tehran, Iran; Additional 
Sanctions Information--Subject to Secondary Sanctions [NPWMD] 
[IFSR].
    3. NINGBO NEW CENTURY IMPORT AND EXPORT COMPANY, LTD. (a.k.a. 
NEW CENTURY IMPORT AND EXPORT CO. LTD), 5 Hongtang South Road, 
Jiangbei, Ningbo 315033, China; Additional Sanctions Information--
Subject to Secondary Sanctions [NPWMD] [IFSR].
    4. OFOG SABZE DARYA COMPANY, Unit Seven, Fourth Floor, Number 
18, 15th Street, Khaled Eslamboli Street, Beheshti Avenue, Tehran, 
Iran; Additional Sanctions Information--Subject to Secondary 
Sanctions [NPWMD] [IFSR].
    5. ERVIN DANESH ARYAN COMPANY (a.k.a. ERVIN DANESH), 5th Floor, 
No. 78, Forsat Shirazi Street, North Kargar Street, Tehran, Iran; 
Additional Sanctions Information--Subject to Secondary Sanctions 
[NPWMD] [IFSR].
    6. ZIST TAJHIZ POOYESH COMPANY (a.k.a. POOYESH ENVIRONMENTAL 
INSTRUMENTS; a.k.a. ZIEST TAJHIEZ POOYESH), 16, Afshar Alley, Fajr 
Street, Motahari Avenue, Tehran, Iran; Web site 
www.pooyeshenviro.ir; Additional Sanctions Information--Subject to 
Secondary Sanctions [NPWMD] [IFSR].
    7. MKS INTERNATIONAL CO. LTD. (a.k.a. MKS INTERNATIONAL; a.k.a. 
MKS INTERNATIONAL GROUP), Office No. 4, Babataher Street, Dr Fatemi 
Avenue, Tehran, Iran; P.O. BOX 14155-4618, Tehran, Iran; Additional 
Sanctions Information--Subject to Secondary Sanctions [NPWMD] 
[IFSR].
    8. ROYAL PEARL GENERAL T.R.D. (a.k.a. ROYAL PEARL CHEMICAL; 
a.k.a. ROYAL PEARLS; a.k.a. ROYAL PEARLS GENERAL TRADING), P.O. Box 
74382, Dubai, United Arab Emirates; Office No. 8, Near Regal 
International, Sheikh Zayed Road, Dubai 74382, United Arab Emirates; 
Web site www.royalpearlchem.com; Additional Sanctions Information--
Subject to Secondary Sanctions [NPWMD] [IFSR].

    Dated: February 3, 2017.
Andrea M. Gacki,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2017-02568 Filed 2-7-17; 8:45 am]
 BILLING CODE 4810-AL-P

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