[Federal Register Volume 71, Number 142 (Tuesday, July 25, 2006)]
[Notices]
[Page 42174]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-11798]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

 Office of Foreign Assets Control


 Unblocking of Specially Designated National, Liberia Program

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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

SUMMARY: The Treasury Department's Office of Foreign Assets Control 
(``OFAC'') is publishing the name of one person whose property and 
interests in property have been unblocked pursuant to Executive Order 
13348 of July 22, 2004, Blocking Property of Certain Persons and 
Prohibiting the Importation of Certain Goods from Liberia, and pursuant 
to 31 CFR 501.807.

DATES: The unblocking and removal from the list of Specially Designated 
Nationals and Blocked Persons by the Secretary of the Treasury of the 
person identified in this notice whose property and interests in 
property were blocked pursuant to Executive Order 13348 of July 22, 
2004, occurred on June 12, 2006.

FOR FURTHER INFORMATION CONTACT: Jennifer Houghton, Assistant Director, 
Designation Investigations, Office of Foreign Assets Control, 
Department of the Treasury, Washington, DC 20220, tel.: 202/622-2420.

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

    This document and additional information concerning OFAC are 
available from OFAC's Web site (http://www.treas.gov/ofac) or via 
facsimile through a 24-hour fax-on demand service, tel.: (202) 622-
0077.

Background

    On July 22, 2004, President Bush issued Executive Order 13348 
(``the order'' or ``EO 13348''), finding that the actions and policies 
of former Liberian President Charles Taylor and other persons, in 
particular their unlawful depletion of Liberian resources and their 
removal from Liberia, undermined Liberia's transition to democracy, the 
orderly development of Liberia's political, administrative, and 
economic institutions and resources, and fueled and exacerbated other 
conflicts throughout West Africa. The President found that the actions, 
policies, and circumstances described above constituted an unusual and 
extraordinary threat to the foreign policy of the United States and 
declared a national emergency to deal with that threat.
    The order included 28 persons in the Annex, which resulted in the 
blocking of all property or interests in property of these persons that 
was or thereafter came within the United States or the possession or 
control of U.S. persons. The order authorizes the Secretary of the 
Treasury, in consultation with the Secretary of State, to designate 
additional persons or entities determined to meet certain criteria set 
forth in EO 13348.
    The order also authorizes the Secretary of the Treasury, in 
consultation with the Secretary of State, to determine that 
circumstances no longer warrant the inclusion of a person in the Annex 
to EO 13348 and to unblock any property or interests in property that 
had been blocked as a result of the person's inclusion in the Annex.
    On June 12, 2006, the Acting Director of OFAC, in consultation with 
the State Department, removed from the Annex and list of Specially 
Designated Nationals and Blocked Persons the person listed below, whose 
property and interests in property were blocked pursuant to EO 13348.
    The list of the unblocked person follows:
    1. Abbas Fawaz

     Dated: July 18, 2006.
 Barbara C. Hammerle,
 Acting Director, Office of Foreign Assets Control.
 [FR Doc. E6-11798 Filed 7-24-06; 8:45 am]
BILLING CODE 4811-37-P