Notice of OFAC Sanctions Actions, 38596-38597 [2023-12571]

Download as PDF 38596 Federal Register / Vol. 88, No. 113 / Tuesday, June 13, 2023 / Notices ddrumheller on DSK120RN23PROD with NOTICES1 Call Report in response to ASU 2022– 02 and will consider these comments at that time. This proposal would follow the standard notice and comment process pursuant to the PRA. The other commenter requested that the agencies expand the level of detail on interest and fee income collected in the Call Report on Schedule RI, Income Statement, to align with each loan category reported on Schedule RC–C, Part I, Loans and Leases. The agencies are declining to make any changes to the level of detail on loan income at this time. The current level of detail strikes the appropriate balance between the information necessary for monitoring the condition and performance of individual institutions and the industry with the effort required by those organizations to separately collect and report interest and fee income information by loan category. C. Proposed Instructional Clarifications to Schedule RC–T, Fiduciary and Related Services In response to questions received on the reporting of managed and nonmanaged assets and number of managed and non-managed accounts on Schedule RC–T, Fiduciary and Related Services, and to promote consistent reporting across all institutions, the agencies are proposing to clarify the instructions for these items as of the September 30, 2023, report date. Specifically: • Reporting of life insurance trusts. The agencies have observed inconsistent reporting of life insurance trusts and are clarifying that life insurance trusts, other than term life insurance policies that have nominal value, should be reported in Schedule RC–T, item 4, ‘‘Personal trust and agency accounts.’’ Relatedly, the agencies are proposing to clarify in the ‘‘Fiduciary and Related Assets’’ section of the Schedule RC–T instructions that the cash surrender value of a life insurance policy generally may be used when calculating the value of the account. • Classification of investment advisory employee benefit accounts. The agencies have observed inconsistent reporting of employee benefit accounts for which the institution provides investment services or investment advice for a fee and whether those accounts are classified as managed or non-managed in item 5, ‘‘Employee benefit and retirement-related trust and agency accounts.’’ The agencies are proposing to clarify in Schedule RC–T, items 5.a through 5.c, that accounts for which the institution serves as either trustee or agent and provides investment management services, or provides investment advice for a fee, VerDate Sep<11>2014 18:45 Jun 12, 2023 Jkt 259001 should be reported in one of the subcategories of item 5. The agencies are further proposing to clarify that accounts for which the institution serves as a directed trustee or provides investment advice for a fee should be reported under non-managed accounts. In addition, the agencies are proposing to clarify that employee benefit accounts for which the institution provides investment management or investment advisory services should not be reported in Schedule RC–T, item 7, ‘‘Investment management and investment advisory agency accounts.’’ • Primary relationship test. The agencies have observed inconsistent reporting of trust accounts for which the institution has both a fiduciary and custodial relationship. The current instructions for Schedule RC–T, item 11, ‘‘Custody and safekeeping accounts’’ indicate that the institution should report the account under the primary relationship. The agencies are proposing to clarify in the instructions for this item that when an institution has both a fiduciary and custodial relationship, the fiduciary relationship is the primary relationship. In this case, the account should be reported as a fiduciary account in Schedule RC–T, items 4 through 9, and it should not be reported as a custodial account in item 11. • Back-office services. The agencies have received questions about whether accounts for which the institution provides back-office or operational services for a third party, but does not hold the account, should be reported along with custody and safekeeping accounts. The agencies are proposing to revise the ‘‘Fiduciary and Related Assets’’ section of the Schedule RC–T instructions to clarify that accounts for which the institution only provides back-office or operational services and the accounts or assets are not held by the institution should not be reported in Schedule RC–T. The agencies are proposing to incorporate these clarifications starting with the September 30, 2023, report date. The agencies would expect institutions that are not currently reporting consistent with these clarifications to incorporate the clarifications on a best-efforts basis over the four subsequent quarterly reports. III. Timing The revisions to the Call Report and the FFIEC 002 resulting from the statutorily mandated full review related to certain loss-sharing agreements with the FDIC, negative amortization loans, reverse mortgages, and MMLF items, and the proposed clarifications to the instructions for Schedule RC–T, will be PO 00000 Frm 00119 Fmt 4703 Sfmt 4703 effective as of the September 30, 2023, report date, subject to OMB approval. The agencies plan to discontinue the optional tax worksheet as part of the implementation of the Call Report process changes starting with the June 30, 2023, report date. IV. Request for Comment Public comment is requested on all aspects of this joint notice. Comment is specifically invited on: (a) Whether the proposed revisions to the collections of information that are the subject of this notice are necessary for the proper performance of the agencies’ functions, including whether the information has practical utility; (b) The accuracy of the agencies’ estimates of the burden of the information collections as they are proposed to be revised, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (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; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Comments submitted in response to this joint notice will be shared among the agencies. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. Board of Governors of the Federal Reserve System. Michele Taylor Fennell, Deputy Associate Secretary of the Board. Federal Deposit Insurance Corporation. Dated at Washington, DC, on June 6, 2023. James P. Sheesley, Assistant Executive Secretary. [FR Doc. 2023–12553 Filed 6–12–23; 8:45 am] BILLING CODE 4810–33–P; 6210–01–P; 6714–01–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Notice of OFAC Sanctions Actions 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 SUMMARY: E:\FR\FM\13JNN1.SGM 13JNN1 Federal Register / Vol. 88, No. 113 / Tuesday, June 13, 2023 / Notices 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 Licensing, tel.: 202–622–2480; Assistant Director for Regulatory Affairs, tel.: 202–622–4855; or the Assistant Director for Sanctions Compliance & Evaluation, tel.: 202–622– 2490. SUPPLEMENTARY INFORMATION: Electronic Availability The SDN List and additional information concerning OFAC sanctions programs are available on OFAC’s website (https://ofac.treasury.gov). Notice of OFAC Actions ddrumheller on DSK120RN23PROD with NOTICES1 On June 6, 2023, OFAC determined that the property and interests in VerDate Sep<11>2014 18:45 Jun 12, 2023 Jkt 259001 property subject to U.S. jurisdiction of the following persons are blocked under the relevant sanctions authority listed below. Individuals 1. GUERRERO COVARRUBIAS, Alonso (a.k.a. GUERRERO COVARRUBIAS, Adrian Alonso; a.k.a. ‘‘EL OCHO’’), Mexico; DOB 10 Dec 1990; POB Michoacan de Ocampo, Mexico; nationality Mexico; Gender Male; C.U.R.P. GUCA901210HMNRVL04 (Mexico) (individual) [ILLICIT–DRUGS–EO14059]. Designated pursuant to section 1(b)(iii) of Executive Order 14059 of December 15, 2021, ‘‘Imposing Sanctions on Foreign Persons Involved in the Global Illicit Drug Trade,’’ 86 FR 71549 (December 17, 2021) (E.O. 14059) for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, Cartel de Jalisco Nuevo Generacion (CJNG), a person sanctioned pursuant to E.O. 14059. 2. GUERRERO COVARRUBIAS, Javier, Mexico; DOB 14 Feb 1988; POB Michoacan de Ocampo, Mexico; nationality Mexico; Gender Male; C.U.R.P. GUCJ880214HMNRVV02 (Mexico) (individual) [ILLICIT–DRUGS–EO14059]. Designated pursuant to section 1(b)(iii) of E.O. 14059 for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, CJNG, a person sanctioned pursuant to E.O. 14059. 3. RODRIGUEZ AGUIRRE, Mary Cruz, Calle Paseo de los Artistas 1196, Colonia PO 00000 Frm 00120 Fmt 4703 Sfmt 9990 38597 Colinas de la Normal, Guadalajara, Jalisco, Mexico; DOB 03 May 1974; POB Veracruz, Mexico; nationality Mexico; Gender Female; C.U.R.P. ROAM740503MVZDGR00 (Mexico) (individual) [ILLICIT–DRUGS–EO14059]. Designated pursuant to section 1(b)(i)(B) of E.O. 14059 for having provided, or attempting to provide, financial, material, or technological support for, or goods or services in support of, CJNG, a person sanctioned pursuant to E.O. 14059. Entity 1. NACER AGENCIA PANAMERICANA DE DIVISAS Y CENTRO CAMBIARIO, S.A. DE C.V., Avenida Naciones Unidas 5428 Int. 2, Col. Jardines Universidad, Zapopan, Jalisco 45110, Mexico; Organization Type: Other financial service activities, except insurance and pension funding activities, n.e.c.; R.F.C. NAP1110251B4 (Mexico) [ILLICIT–DRUGS– EO14059]. Designated pursuant to section 1(b)(iii) of E.O. 14059 for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, Mary Cruz RODRIGUEZ AGUIRRE, a person sanctioned pursuant to E.O. 14059. Dated: June 7, 2023. Andrea M. Gacki, Director, Office of Foreign Assets Control, U.S. Department of the Treasury. [FR Doc. 2023–12571 Filed 6–12–23; 8:45 am] BILLING CODE 4810–AL–P E:\FR\FM\13JNN1.SGM 13JNN1

Agencies

[Federal Register Volume 88, Number 113 (Tuesday, June 13, 2023)]
[Notices]
[Pages 38596-38597]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-12571]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Notice of OFAC Sanctions Actions

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

[[Page 38597]]

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 Licensing, tel.: 202-622-2480; Assistant 
Director for Regulatory Affairs, tel.: 202-622-4855; or the Assistant 
Director for Sanctions Compliance & Evaluation, tel.: 202-622-2490.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    The SDN List and additional information concerning OFAC sanctions 
programs are available on OFAC's website (https://ofac.treasury.gov).

Notice of OFAC Actions

    On June 6, 2023, 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.

Individuals

    1. GUERRERO COVARRUBIAS, Alonso (a.k.a. GUERRERO COVARRUBIAS, 
Adrian Alonso; a.k.a. ``EL OCHO''), Mexico; DOB 10 Dec 1990; POB 
Michoacan de Ocampo, Mexico; nationality Mexico; Gender Male; 
C.U.R.P. GUCA901210HMNRVL04 (Mexico) (individual) [ILLICIT-DRUGS-
EO14059].
    Designated pursuant to section 1(b)(iii) of Executive Order 
14059 of December 15, 2021, ``Imposing Sanctions on Foreign Persons 
Involved in the Global Illicit Drug Trade,'' 86 FR 71549 (December 
17, 2021) (E.O. 14059) for being owned, controlled, or directed by, 
or having acted or purported to act for or on behalf of, directly or 
indirectly, Cartel de Jalisco Nuevo Generacion (CJNG), a person 
sanctioned pursuant to E.O. 14059.
    2. GUERRERO COVARRUBIAS, Javier, Mexico; DOB 14 Feb 1988; POB 
Michoacan de Ocampo, Mexico; nationality Mexico; Gender Male; 
C.U.R.P. GUCJ880214HMNRVV02 (Mexico) (individual) [ILLICIT-DRUGS-
EO14059].
    Designated pursuant to section 1(b)(iii) of E.O. 14059 for being 
owned, controlled, or directed by, or having acted or purported to 
act for or on behalf of, directly or indirectly, CJNG, a person 
sanctioned pursuant to E.O. 14059.
    3. RODRIGUEZ AGUIRRE, Mary Cruz, Calle Paseo de los Artistas 
1196, Colonia Colinas de la Normal, Guadalajara, Jalisco, Mexico; 
DOB 03 May 1974; POB Veracruz, Mexico; nationality Mexico; Gender 
Female; C.U.R.P. ROAM740503MVZDGR00 (Mexico) (individual) [ILLICIT-
DRUGS-EO14059].
    Designated pursuant to section 1(b)(i)(B) of E.O. 14059 for 
having provided, or attempting to provide, financial, material, or 
technological support for, or goods or services in support of, CJNG, 
a person sanctioned pursuant to E.O. 14059.

Entity

    1. NACER AGENCIA PANAMERICANA DE DIVISAS Y CENTRO CAMBIARIO, 
S.A. DE C.V., Avenida Naciones Unidas 5428 Int. 2, Col. Jardines 
Universidad, Zapopan, Jalisco 45110, Mexico; Organization Type: 
Other financial service activities, except insurance and pension 
funding activities, n.e.c.; R.F.C. NAP1110251B4 (Mexico) [ILLICIT-
DRUGS-EO14059].
    Designated pursuant to section 1(b)(iii) of E.O. 14059 for being 
owned, controlled, or directed by, or having acted or purported to 
act for or on behalf of, directly or indirectly, Mary Cruz RODRIGUEZ 
AGUIRRE, a person sanctioned pursuant to E.O. 14059.

    Dated: June 7, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control, U.S. Department of the 
Treasury.
[FR Doc. 2023-12571 Filed 6-12-23; 8:45 am]
BILLING CODE 4810-AL-P

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