Notice of OFAC Sanctions Action, 16656 [2021-06486]

Download as PDF jbell on DSKJLSW7X2PROD with NOTICES 16656 Federal Register / Vol. 86, No. 59 / Tuesday, March 30, 2021 / Notices Supporting Statement and Other Documents’’ and then click on the link to any comment listed at the bottom of the screen. • For assistance in navigating www.reginfo.gov, please contact the Regulatory Information Service Center at (202) 482–7340. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, (202) 649–5490, Chief Counsel’s Office, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501–3520), Federal agencies must obtain approval from the OMB for each collection of information that they conduct or sponsor. ‘‘Collection of information’’ is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. The OCC asks that OMB extend its approval of the collection in this notice. Title: Investment Securities. OMB Control No.: 1557–0205. Description: Under 12 CFR 1.3(h)(2), a national bank may request an OCC determination that it may invest in an entity that is exempt from registration under section 3(c)(1) of the Investment Company Act of 1940 2 if the portfolio of the entity consists exclusively of assets that a national bank may purchase and sell for its own account. The OCC uses the information contained in the request as a basis for ensuring that the bank’s investment is consistent with its investment authority under applicable law and does not pose unacceptable risk. Under 12 CFR 1.7(b), a national bank may request OCC approval to extend the five-year holding period for securities held in satisfaction of debts previously contracted for up to an additional five years. In its request, the bank must provide a clearly convincing demonstration of why the additional holding period is needed. The OCC uses the information in the request to ensure, on a case-by-case basis, that the bank’s purpose in retaining the securities is not speculative and that the bank’s reasons for requesting the extension are adequate. The OCC also uses the information to evaluate the risks to the bank in extending the holding period, including potential effects on the bank’s safety and soundness. Type of Review: Extension of a currently approved collection. Affected Public: Businesses or other for-profit. 2 15 U.S.C. 80a–3(c)(1). VerDate Sep<11>2014 17:59 Mar 29, 2021 Jkt 253001 Estimated Number of Respondents: 25. Estimated Total Annual Burden: 460 hours. Frequency of Response: On occasion. On January 12, 2021, the OCC published a 60-day notice for this information collection, 86 FR 2491. No comments were received. 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. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2021–06469 Filed 3–29–21; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Notice of OFAC Sanctions Action 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 one or more persons that have been placed on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN 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 effective date(s). FOR FURTHER INFORMATION CONTACT: OFAC: Andrea Gacki, Director, tel.: 202–622–2490; Associate Director for Global Targeting, tel.: 202–622–2420; Assistant Director for Sanctions Compliance & Evaluation, tel.: 202–622– SUMMARY: PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 2490; Assistant Director for Licensing, tel.: 202–622–2480; or Assistant Director for Regulatory Affairs, tel.: 202–622– 4855. 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 Action(s) On March 25, 2021, OFAC determined that the property and interests in property subject to U.S. jurisdiction of the following persons are blocked under the relevant sanctions authority listed below. Entities: 1. MYANMAR ECONOMIC CORPORATION LIMITED (a.k.a. MYANMAR ECONOMIC CORPORATION; a.k.a. ‘‘MEC’’), Corner of Ahlone Road & Kannar Road, Ahlone Township, Rangoon, Burma; Registration Number 105444192 (Burma) [BURMA–EO14014]. Designated pursuant to section 1(a)(vii) of Executive Order of February 10, 2021, ‘‘Blocking Property With Respect to the Situation in Burma’’ (the ‘‘Order’’) for being a foreign person that is owned or controlled by, or has acted or purported to act for or on behalf of, directly or indirectly, the military or security forces of Burma or any person whose property and interests in property are blocked pursuant to the Order. 2. MYANMA ECONOMIC HOLDINGS PUBLIC COMPANY LIMITED (a.k.a. MYANMAR ECONOMIC HOLDING LIMITED; a.k.a. ‘‘MEHL’’), 51*Mahabandoola Road 189/191, Botataung, Rangoon 11161, Burma; Registration Number 156387282 (Burma) [BURMA–EO14014]. Designated pursuant to section 1(a)(vii) of the Order for being a foreign person that is owned or controlled by, or has acted or purported to act for or on behalf of, directly or indirectly, the military or security forces of Burma or any person whose property and interests in property are blocked pursuant to the Order. Dated: March 25, 2021. Bradley T. Smith, Acting Director, Office of Foreign Assets Control, U.S. Department of the Treasury. [FR Doc. 2021–06486 Filed 3–29–21; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Notice of OFAC Sanctions Action Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: E:\FR\FM\30MRN1.SGM 30MRN1

Agencies

[Federal Register Volume 86, Number 59 (Tuesday, March 30, 2021)]
[Notices]
[Page 16656]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-06486]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Notice of OFAC Sanctions Action

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing the names of one or more persons that have 
been placed on OFAC's Specially Designated Nationals and Blocked 
Persons List (SDN 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 effective date(s).

FOR FURTHER INFORMATION CONTACT: OFAC: Andrea Gacki, Director, tel.: 
202-622-2490; 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; or 
Assistant Director for Regulatory Affairs, tel.: 202-622-4855.

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 Action(s)

    On March 25, 2021, OFAC determined that the property and interests 
in property subject to U.S. jurisdiction of the following persons are 
blocked under the relevant sanctions authority listed below.

Entities:

    1. MYANMAR ECONOMIC CORPORATION LIMITED (a.k.a. MYANMAR ECONOMIC 
CORPORATION; a.k.a. ``MEC''), Corner of Ahlone Road & Kannar Road, 
Ahlone Township, Rangoon, Burma; Registration Number 105444192 
(Burma) [BURMA-EO14014].
    Designated pursuant to section 1(a)(vii) of Executive Order of 
February 10, 2021, ``Blocking Property With Respect to the Situation 
in Burma'' (the ``Order'') for being a foreign person that is owned 
or controlled by, or has acted or purported to act for or on behalf 
of, directly or indirectly, the military or security forces of Burma 
or any person whose property and interests in property are blocked 
pursuant to the Order.
    2. MYANMA ECONOMIC HOLDINGS PUBLIC COMPANY LIMITED (a.k.a. 
MYANMAR ECONOMIC HOLDING LIMITED; a.k.a. ``MEHL''), 51*Mahabandoola 
Road 189/191, Botataung, Rangoon 11161, Burma; Registration Number 
156387282 (Burma) [BURMA-EO14014].
    Designated pursuant to section 1(a)(vii) of the Order for being 
a foreign person that is owned or controlled by, or has acted or 
purported to act for or on behalf of, directly or indirectly, the 
military or security forces of Burma or any person whose property 
and interests in property are blocked pursuant to the Order.

    Dated: March 25, 2021.
Bradley T. Smith,
Acting Director, Office of Foreign Assets Control, U.S. Department of 
the Treasury.
[FR Doc. 2021-06486 Filed 3-29-21; 8:45 am]
BILLING CODE 4810-AL-P

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