[Federal Register Volume 59, Number 131 (Monday, July 11, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-16788]


[[Page Unknown]]

[Federal Register: July 11, 1994]


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DEPARTMENT OF THE TREASURY


Office of Foreign Assets Control

31 CFR Part 550

 

Libyan Sanctions Regulations; Specially Designated Nationals List

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Final Rule; amendments to the list of specially designated 
nationals.

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SUMMARY: The Office of Foreign Assets Control is amending the Libyan 
Sanctions Regulations to add Arab Turkish Bank and four other entities 
to appendix A, Organizations Determined to be Within the Term 
``Government of Libya'' (Specially Designated Nationals of Libya), and 
to add nine individuals to appendix B, Individuals Determined to be 
Specially Designated Nationals of the Government of Libya.

EFFECTIVE DATE: July 7, 1994.

ADDRESS: Copies of the list of persons whose property is blocked 
pursuant to the Libyan Sanctions Regulations are available upon request 
at the following location: Office of Foreign Assets Control, U.S. 
Department of the Treasury, Annex, 1500 Pennsylvania Avenue, N.W., 
Washington, D.C. 20220. The full list of persons blocked pursuant to 
economic sanctions programs administered by the Office of Foreign 
Assets Control is available electronically on The Federal Bulletin 
Board (see Supplementary Information).

FOR FURTHER INFORMATION CONTACT: J. Robert McBrien, Chief, 
International Programs Division, Office of Foreign Assets Control, 
tel.: 202/622-2420.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document is available as an electronic file on The Federal 
Bulletin Board the day of publication in the Federal Register. By modem 
dial 202/512-1387 or call 202/512-1530 for disks or paper copies. This 
file is available in Postscript, WordPerfect 5.1 and ASCII.

Background

    The Office of Foreign Assets Control (``FAC'') is amending the 
Libyan Sanctions Regulations, 31 CFR part 550 (the ``Regulations''), to 
add new entries to appendices A and B. Appendix A, Organizations 
Determined to be Within the Term ``Government of Libya'' (Specially 
Designated Nationals of Libya), is a list of organizations determined 
by the Director of FAC to be within the definition of the term 
``Government of Libya,'' as set forth in Sec. 550.304(a) of the 
Regulations, because they are owned or controlled by or act or purport 
to act directly or indirectly on behalf of the Government of Libya. 
Appendix B, Individuals Determined to be Specially Designated Nationals 
of the Government of Libya, lists individuals determined by the 
Director of FAC to be acting or purporting to act directly or 
indirectly on behalf of the Government of Libya, and thus to fall 
within the term ``Government of Libya'' in Sec. 550.304(a).
    Appendix A to part 550 is amended to provide public notice of the 
designation of Arab Turkish Bank, Libya Insurance Company, Maghreban 
International Trade Company, Saving and Real Estate Investment Bank, 
and Societe Maghrebine d'Investissement et de Participation as 
Specially Designated Nationals of Libya.
    Appendix B to part 550 is amended to provide public notice of nine 
individuals determined to be Specially Designated Nationals of the 
Government of Libya: Yousef Abd-El-Razegh Abdelmulla, Ayad S. Dahaim, 
El Hadi M. El-Fighi, Kamel El-Khallas, Mohammed Mustafa Ghadban, 
Mohammed Lahmar, Ragiab Saad Madi, Bashir M. Sharif, and Kassem M. 
Sherlala. Six of these individuals are present or former directors or 
managers of Arab Turkish Bank.
    All prohibitions in the Regulations pertaining to the Government of 
Libya apply to the entities and individuals identified in appendices A 
and B. All unlicensed transactions with such entities or persons, or 
transactions in property in which they have an interest, are prohibited 
unless otherwise exempted or generally licensed in the Regulations.
    Determinations that persons fall within the definition of the term 
``Government of Libya'' and are thus Specially Designated Nationals are 
effective upon the date of determination by the Director of FAC, acting 
under authority delegated by the Secretary of the Treasury. Public 
notice of such a determination is effective upon the date of Federal 
Register publication or upon earlier actual notice.
    The list of Specially Designated Nationals in appendices A and B is 
a partial one, since FAC may not be aware of all agencies and officers 
of the Government of Libya, or of all persons that might be owned or 
controlled by, or acting on behalf of the Government of Libya within 
the meaning of Sec. 550.304(a). Therefore, one may not rely on the fact 
that a person is not listed in appendix A or B as a Specially 
Designated National as evidence that it is not owned or controlled by, 
or acting or purporting to act directly or indirectly on behalf of, the 
Government of Libya. The Treasury Department regards it as incumbent 
upon all persons governed by the Regulations to take reasonable steps 
to ascertain for themselves whether persons with whom they deal are 
owned or controlled by, or acting or purporting to act on behalf of, 
the Government of Libya, or on behalf of other countries subject to 
blocking or transactional restrictions administered by FAC.
    Section 206 of the International Emergency Economic Powers Act, 50 
U.S.C. 1705, provides for civil penalties not to exceed $10,000 for 
each violation of the Regulations. Criminal violations of the 
Regulations are punishable by fines of up to $250,000 or imprisonment 
for up to 10 years per count, or both, for individuals and criminal 
fines of up to $500,000 per count for organizations. See 50 U.S.C. 
1705; 18 U.S.C. 3571.
    Because the Regulations involve a foreign affairs function, 
Executive Order 12866 and the provisions of the Administrative 
Procedure Act, 5 U.S.C. 553, requiring notice of proposed rulemaking, 
opportunity for public participation, and delay in effective date, are 
inapplicable. Because no notice of proposed rulemaking is required for 
this rule, the Regulatory Flexibility Act, 5 U.S.C. 601-612, does not 
apply.

List of Subjects in 31 CFR Part 550

    Administrative practice and procedure, Banks, Banking, Blocking of 
assets, Exports, Foreign investment, Foreign trade, Government of 
Libya, Imports, Libya, Loans, Penalties, Reporting and recordkeeping 
requirements, Securities, Services, Specially designated nationals, 
Travel restrictions.

PART 550--LIBYAN SANCTIONS REGULATIONS

    For the reasons set forth in the preamble, 31 CFR part 550 is 
amended as set forth below:

    1. The authority citation for part 550 continues to read as 
follows:

    Authority: 50 U.S.C. 1701-1706; 50 U.S.C. 1601-1651; 22 U.S.C. 
287c; 49 U.S.C. App. 1514; 22 U.S.C. 2349aa-8 and 2349aa-9; 3 U.S.C. 
301; E.O. 12543, 3 CFR, 1986 Comp., p. 181; E.O. 12544, 3 CFR, 1986 
Comp., p. 183; E.O. 12801, 3 CFR, 1992 Comp., p. 294.

    2. Appendix A to part 550 is amended by adding the following 
entries in alphabetical order, to read as follows:

APPENDIX A TO PART 550--ORGANIZATIONS DETERMINED TO BE WITHIN THE 
TERM ``GOVERNMENT OF LIBYA'' (SPECIALLY DESIGNATED NATIONALS OF 
LIBYA)

* * * * *
ARAB TURKISH BANK,
    (a.k.a. ARAP TURK BANKASI A.S.),
    (a.k.a. ATB),
    Vali Konagi Cad. No. 10, 80200 Nistantas, Istanbul, Turkey,
    P.O. Box 380, 80223 Sisli, Istanbul, Turkey,
    Ziyapasa Bulvari No. 14/A, 01130 Adana, Turkey,
    P.O. Box 11, 01321, Adana, Turkey,
    Havuzlu Sok. No. 3, 06540 Asagi Ayranci, Ankara, Turkey,
    P.O. Box 38, 06552 Cankaya, Ankara, Turkey,
    Gaziosmanpasa Bulvari No. 10/1, 35210 Alsancak, Izmir, Turkey,
    P.O. Box 52, 35212 Pasaport, Izmir, Turkey.
* * * * *
LIBYA INSURANCE COMPANY,
    P.O. Box 2438, Usama Bldg., 1st September St., Tripoli, Libya (7 
main branches and 58 sub-branches in Libya),
    Cyprus Office, Nicosia, Cyprus.
* * * * *
MAGHREBAN INTERNATIONAL TRADE COMPANY,
    (a.k.a. MITCO),
    25, Avenue Kheireddine Pacha, 1002 Tunis, Tunisia.
* * * * *
SAVING AND REAL ESTATE INVESTMENT BANK,
    P.O. Box 2297, Shoman Street, Fashioum, Tripoli, Libya (24 
branches in Libya).
* * * * *
SOCIETE MAGHREBINE D'INVESTISSEMENT ET DE PARTICIPATION,
    (a.k.a. SMIP),
    47, Avenue Kheireddine Pacha, 1002 Tunis, Tunisia.

    3. Appendix B to part 550 is amended by adding the following 
entries in alphabetical order, to read as follows:

APPENDIX B TO PART 550--INDIVIDUALS DETERMINED TO BE SPECIALLY 
DESIGNATED NATIONALS OF THE GOVERNMENT OF LIBYA

* * * * *
ABDELMULLA, Yousef Abd-El-Razegh,
    (a.k.a. ABDULMOLA, Yousef Abd-El-Razegh),
    P.O. Box 4538, Maidan Masif El Baladi, Tripoli, Libya.
* * * * *
DAHAIM, Ayad S.,
    Vali Konagi Cad. No. 10, 80200 Nistantas, Istanbul, Turkey.
* * * * *
EL-FIGHI, El Hadi M.,
    P.O. Box 1114, Diplomatic Area, Manama, Bahrain,
    Jamal Abdulnasser Street, P.O. Box 262, Nouakchott, Mauritania.
* * * * *
EL-KHALLAS, Kamel,
    Vali Konagi Cad. No. 10, 80200 Nistantas, Istanbul, Turkey.
* * * * *
GHADBAN, Mohammed Mustafa,
    P.O. Box 4647, Shuhada Square, Tripoli, Libya,
    P.O. Box 452, Fadiel Abu Omar Square, El-Berkha, Benghazi, 
Libya,
    Vali Konagi Cad. No. 10, 80200 Nistantas, Istanbul, Turkey.
* * * * *
LAHMAR, Mohammed,
    Dat El Imad Administrative Complex Tower No. 2, P.O. Box 2542, 
Tripoli, Libya.
* * * * *
MADI, Ragiab Saad,
    P.O. Box 2297, Shoman Street, Fashioum, Tripoli, Libya.
* * * * *
SHARIF, Bashir M.,
    Dat El Imad Administrative Complex Tower No. 2, P.O. Box 2542, 
Tripoli, Libya,
    Vali Konagi Cad. No. 10, 80200 Nistantas, Istanbul, Turkey.
* * * * *
SHERLALA, Kassem M.,
    P.O. Box 2438, Usama Bldg., 1st September St., Tripoli, Libya.

    Dated: June 22, 1994.
Steven I. Pinter,
Acting Director, Office of Foreign Assets Control.
    Approved: June 22, 1994.
R. Richard Newcomb,
Acting Deputy Assistant Secretary (Law Enforcement).
[FR Doc. 94-16788 Filed 7-7-94; 11:46 am]
BILLING CODE 4810-25-F