Notice of OFAC Sanctions Actions, 84447-84450 [2024-24389]

Download as PDF ddrumheller on DSK120RN23PROD with NOTICES1 Federal Register / Vol. 89, No. 204 / Tuesday, October 22, 2024 / Notices Twelve CFR 9.18(b)(4)(iii)(L) (and 12 CFR 150.260 by cross-reference) require that national banks and FSAs adopt, for STIFs, procedures for initiating liquidation of a STIF upon the suspension or limitation of withdrawals as a result of redemptions. Twelve CFR 9.18(b)(5)(iii)(A) (and 12 CFR 150.260 by cross-reference) provides that a national bank or FSA administering a collective investment fund that is invested primarily in real estate or other assets that are not readily marketable may require a prior notice period, not to exceed one year, for withdrawals. Section 9.18(b)(5)(iii)(B) (and 12 CFR 150.260 by cross-reference) provides that a national bank or FSA that requires a prior notice period for withdrawals must withdraw an account from the fund within the prior notice period or, if permissible under the fund’s written plan, within one year after the date on which notice was required. Section 9.18(b)(5)(iii)(C) (and 12 CFR 150.260 by cross-reference) provides that a national bank or FSA may, with OCC approval, withdraw an account from a collective investment fund up to one year after the end of the standard withdrawal period in 12 CFR 9.18(b)(5)(iii)(B) if certain conditions are satisfied. Among other conditions, the fund’s written plan, including its notice and withdrawal policy, must authorize an extended withdrawal period and be fully disclosed to fund participants. In addition, the bank’s or FSA’s board of directors, or a committee authorized by the board of directors, must determine that, due to unanticipated and severe market conditions for specific assets held by the fund, an extended withdrawal period is necessary in order to preserve the value of the fund’s assets for the benefit of fund participants. Twelve CFR 9.18(b)(5)(iii)(D) (and 12 CFR 150.260 by cross-reference) provides that a national bank or FSA may request that the OCC approve an extension beyond the initial one-year extended withdrawal period in 12 CFR 9.18(b)(5)(iii)(C) if certain conditions are satisfied. Extensions past the initial oneyear extension must be requested and approved annually for a maximum of two years after the initial one-year extension period. Twelve CFR 9.18(b)(6)(ii) (and 12 CFR 150.260 by cross-reference) require, for CIFs, that national banks and FSAs, at least once during each 12-month period, prepare a financial report of the fund based on the audit required by section 9.18(b)(6)(i). The report must disclose the fund’s fees and expenses in a manner consistent with applicable state VerDate Sep<11>2014 17:10 Oct 21, 2024 Jkt 265001 law in the state which the institution maintains the fund and must contain: • A list of investments in the fund showing the cost and current market value of each investment; • A statement covering the period after the previous report showing the following (organized by type of investment): Æ A summary of purchases (with costs); Æ A summary of sales (with profit or loss and any investment change); Æ Income and disbursements; and Æ An appropriate notation of investments. Twelve CFR 9.18(b)(6)(iv) (and 12 CFR 150.260 by cross-reference) require that a national bank or FSA managing a CIF provide a copy of the financial report, or provide notice that a copy of the report is available upon request without charge, to each person who ordinarily would receive a regular periodic accounting with respect to each participating account. The national bank or FSA may provide a copy to prospective customers. In addition, the institution must provide a copy of the report upon request to any person for a reasonable charge. Twelve CFR 9.18(c)(5) (and 12 CFR 150.260 by cross-reference) require that, for special exemption CIFs, national banks and FSAs, respectively, must submit to the OCC a written plan that sets forth: • The reason the proposed fund requires a special exemption; • The provisions of the fund that are inconsistent with section 9.18(a) and (b); • The provisions of section 9.18(b) for which the institution seeks an exemption; and • The manner in which the proposed fund addresses the rights and interests of participating accounts. Estimated Burden: Estimated Frequency of Response: On occasion. Estimated Number of Respondents: 282. Estimated Total Annual Burden: 198,957 hours. Comments: On July 03, 2024, the OCC published a 60-day notice for this information collection, (89 FR 55308). 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; PO 00000 Frm 00120 Fmt 4703 Sfmt 4703 84447 (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. Patrick T. Tierney, Assistant Director, Office of the Comptroller of the Currency. [FR Doc. 2024–24407 Filed 10–21–24; 8:45 am] BILLING CODE 4810–33–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 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: This action was issued on October 16, 2024. See Supplementary Information section for relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Associate Director for Global Targeting, tel.: 202–622–2420; Assistant Director for Sanctions Compliance, tel.: 202–622–2490 or https:// ofac.treasury.gov/contact-ofac. SUPPLEMENTARY INFORMATION: SUMMARY: 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 Action On October 16, 2024, OFAC determined that the property and interests in property subject to U.S. jurisdiction of the following persons are blocked under the relevant sanctions authorities listed below. BILLING CODE 4810–AL–P E:\FR\FM\22OCN1.SGM 22OCN1 84448 Federal Register / Vol. 89, No. 204 / Tuesday, October 22, 2024 / Notices Individuals 1. ATWI, Silvana (Arabic: c;~ UtiL.) (a.k.a. 'UTWI, Silvana Rida), Kaafat Atwi Building, Baabda, Lebanon; DOB 13 Jan 1995; POB Markaba, Marjayoun, Nabatieh, Lebanon; nationality Lebanon; Additional Sanctions Information Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; Gender Female; Secondary sanctions risk: section l(b) of Executive Order 13224, as amended by Executive Order 13886; National ID No. 000020552228 (Lebanon) (individual) [SDGT] (Linked To: HIZBALLAH). Designated pursuant to section l(a)(iii)(C) of Executive Order 13224 of September 23, 2001, "Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism," 66 FR 49079, as amended by Executive Order 13886 of September 9, 2019, "Modernizing Sanctions To Combat Terrorism," 84 FR 48041 (E.O. 13224, as amended), for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, HIZBALLAH, a person whose property and interests in property are blocked pursuant to E.O. 13224. 2. GHAFFAR, Haidar Houssam Al-Din Abdul (Arabic: .)ii.[!]¥ 0.1::.[!]f't.....:.. .J*) (a.k.a. 'ABD-AL-GHAFFAR, Haydar Husam-alDin; a.k.a. ABDELGHAFFAR, Haidar H.; a.k.a. GHAFF AR, Haidar Houssem Elddine Abdul), Baabda, Lebanon; DOB 25 Apr 1991; POB Damascus, Syria; nationality Lebanon; Additional Sanctions Information - Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; Gender Male; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; Passport LR2661263 (Lebanon); alt. Passport LR0747845 (Lebanon); National ID No. 000027844263 (Lebanon) (individual) [SDGT] (Linked To: HIZBALLAH). Designated pursuant to section l(a)(iii)(C) ofE.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or service to or in support of, HIZBALLAH, a person whose property and interests in property are blocked pursuant to E.O. 13224. VerDate Sep<11>2014 17:10 Oct 21, 2024 Jkt 265001 PO 00000 Frm 00121 Fmt 4703 Sfmt 4725 E:\FR\FM\22OCN1.SGM 22OCN1 EN22OC24.003</GPH> ddrumheller on DSK120RN23PROD with NOTICES1 3. HAMAD!, Houssam Hasan (Arabic: c;::.b ~ r-1......:..), Beirut, Lebanon; DOB 24 Aug 1986; nationality Lebanon; Additional Sanctions Information - Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; Gender Male; Secondary sanctions risk: section l(b) of Executive Order 13224, as amended by Executive Order 13886; Passport LR2070754 (Lebanon); National ID No. 000020043068 (Lebanon) (individual) [SDGT] (Linked To: HIZBALLAH). Federal Register / Vol. 89, No. 204 / Tuesday, October 22, 2024 / Notices 84449 Designated pursuant to section l(a)(iii)(C) ofE.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or service to or in support of, HIZDALLAH, a person whose property and interests in property are blocked pursuant to E.O. 13224. 4. HAMIDEH, Abdellatif (Arabic: o ~ ~[!]~) (a.k.a. HAMID, Abdul Latif), Syria; DOD 12 Jan 1977; POD Aleppo, Syria; nationality Syria; Gender Male; National ID No. 02020194015 (Syria) (individual) [SYRIA]. Designated pursuant to section l(b)(i) ofE.O. 13582 of August 17, 2011, "Blocking Property of the Government of Syria and Prohibiting Certain Transactions With Respect to Syria," 76 FR 52209 (E.O. 13582), for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, the GOVERNMENT OF SYRIA. 5. FALHOUT, Raji, Syria; DOB 03 Oct 1985; POB Atil, Syria; nationality Syria; Gender Male (individual) [SYRIA] (Linked To: SYRIAN MILITARY INTELLIGENCE DIRECTORATE). Designated pursuant to Section l(b)(iii) ofE.O. 13572 of April 29, 2011, "Blocking Property of Certain Persons with Respect to Human Rights Abuses in Syria," 76 FR 24787 (E.O. 13572), for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, SYRIAN MILITARY INTELLIGENCE DIRECTORATE, a person whose property and interests in property are blocked pursuant to E.O. 13572. 6. HAMIEH, Khaldoun, Syria; DOD 25 Dec 1973; nationality Lebanon; Gender Male; Passport LR1939852 (Lebanon) (individual) [SYRIA] [SYRIA-CAESAR]. Designated pursuant to section l(b)(i) ofE.O. 13582 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, the GOVERNMENT OF SYRIA. Also designated pursuant to Section 7412(a)(2)(A)(i) of the Caesar Syria Civilian Protection Act of 2019, Public Law 116-92, § 7401 et seq. (Dec. 20, 2019) (the Caesar Act), for being a foreign person that knowingly provides significant financial, material, or technological support to, or knowingly engages in a significant transaction with, the GOVERNMENT OP SYRIA (including any entity owned or controlled by the GOVERNMENT OF SYRIA). 1. GLOBAL TRADELINE SARL, Al Mahmul Street, Al Hadath, Lebanon; Additional Sanctions Information - Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; Secondary sanctions risk: section l(b) of Executive Order 13224, as amended by Executive Order 13886; Organization Established Date 08 Nov 2019; Organization Type: Non-specialized wholesale trade; Commercial Registry Number 2058236 (Lebanon) [SDGT] (Linked To: HIZBALLAH). Designated pursuant to section l(a)(iii)(C) of Executive Order 13224 E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, VerDate Sep<11>2014 17:10 Oct 21, 2024 Jkt 265001 PO 00000 Frm 00122 Fmt 4703 Sfmt 4725 E:\FR\FM\22OCN1.SGM 22OCN1 EN22OC24.004</GPH> ddrumheller on DSK120RN23PROD with NOTICES1 Entities 84450 Federal Register / Vol. 89, No. 204 / Tuesday, October 22, 2024 / Notices material, or technological support for, or goods or services to or in support of, HIZBALLAH, a person whose property and interests in property are blocked pursuant to E.O. 13224. 2. GM FARM (a.k.a. G.M. FARM SARL; a.k.a. JM PHARM), Al Ghubayri, Beirut, Lebanon; Website gmfarmco.com; Additional Sanctions Information - Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; Secondary sanctions risk: section l(b) of Executive Order 13224, as amended by Executive Order 13886; Organization Established Date 26 Mar 2016; Organization Type: Non-specialized wholesale trade [SDGT] (Linked To: ATWI, Silvana). Designated pursuant to section l(a)(iii)(A) ofE.O. 13224, as amended, for being owned, controlled, or directed by, directly or indirectly, SILVANA ATWI, a person whose property and interests in property are blocked pursuant to E.O. 13224, as amended. 3. LIBAN OUI SARL, 1 Ouzai St, Beirut, Lebanon; Additional Sanctions Information - Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886 [SDGT] (Linked To: GHAFFAR, Haidar Houssam Al-Din Abdul). Designated pursuant to section l(a)(iii)(A) ofE.O. 13224, as amended, for being owned, controlled, or directed by, directly or indirectly, HAIDAR HOUSSAM AL-DIN ABDUL GRAFFAR, a person whose property and interests in property are blocked pursuant to E.O. 13224, as amended. 4. UNITED SONS (Arabic: 0__,~[J~LlC'JI), Lebanon; Additional Sanctions Information - Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; Secondary sanctions risk: section I (b) of Executive Order 13224, as amended by Executive Order 13886; Commercial Registry Number 3312742 (Lebanon) issued 27 Jan 2024 [SDGT] (Linked To: HAMAD!, Houssam Hasan). Designated pursuant to section l(a)(iii)(A) ofE.O. 13224, as amended, for being owned, controlled, or directed by, directly or indirectly, HOUSSAM HASAN HAMADI, a person whose property and interests in property are blocked pursuant to E.O. 13224, as amended. Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. BILLING CODE 4810–AL–C VerDate Sep<11>2014 17:10 Oct 21, 2024 Jkt 265001 PO 00000 Frm 00123 Fmt 4703 Sfmt 9990 E:\FR\FM\22OCN1.SGM 22OCN1 EN22OC24.005</GPH> ddrumheller on DSK120RN23PROD with NOTICES1 [FR Doc. 2024–24389 Filed 10–21–24; 8:45 am]

Agencies

[Federal Register Volume 89, Number 204 (Tuesday, October 22, 2024)]
[Notices]
[Pages 84447-84450]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-24389]


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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 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: This action was issued on October 16, 2024. See Supplementary 
Information section for relevant dates.

FOR FURTHER INFORMATION CONTACT: OFAC: Associate Director for Global 
Targeting, tel.: 202-622-2420; Assistant Director for Sanctions 
Compliance, tel.: 202-622-2490 or https://ofac.treasury.gov/contact-ofac.

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 Action

    On October 16, 2024, OFAC determined that the property and 
interests in property subject to U.S. jurisdiction of the following 
persons are blocked under the relevant sanctions authorities listed 
below.
BILLING CODE 4810-AL-P

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[[Page 84449]]


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Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2024-24389 Filed 10-21-24; 8:45 am]
BILLING CODE 4810-AL-C

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