[Federal Register Volume 73, Number 17 (Friday, January 25, 2008)]
[Notices]
[Pages 4669-4670]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-1261]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Unblocking of Specially Designated Narcotics Traffickers Pursuant 
to Executive Order 12978

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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SUMMARY: The Treasury Department's Office of Foreign Assets Control 
(``OFAC'') is publishing the name of six entities whose property and 
interests in property have been unblocked pursuant to Executive Order 
12978 of October 21, 1995, Blocking Assets and Prohibiting Transactions 
With Significant Narcotics Traffickers.

DATES: The unblocking and removal from the list of Specially Designated 
Narcotics Traffickers of the entities identified in this notice whose 
property and interests in property were blocked pursuant to Executive 
Order 12978 of October 21, 1995, is effective on January 17, 2008.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance 
Outreach & Implementation, 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) via

[[Page 4670]]

facsimile through a 24-hour fax-on-demand service, tel.: (202) 622-
0077.

Background

    On October 21, 1995, the President, invoking the authority, inter 
alia, of the International Emergency Economic Powers Act (50 U.S.C. 
1701-1706) (``IEEPA''), issued Executive Order 12978 (60 FR 54579, 
October 24, 1995) (the ``Order''). In the Order, the President declared 
a national emergency to deal with the threat posed by significant 
foreign narcotics traffickers centered in Colombia and the harm that 
they cause in the United States and abroad.
    Section 1 of the Order blocks, with certain exceptions, all 
property and interests in property that are in the United States, or 
that hereafter come within the United States or that are or hereafter 
come within the possession or control of United States persons, of: (1) 
The persons listed in an Annex to the Order; (2) any foreign person 
determined by the Secretary of Treasury, in consultation with the 
Attorney General and Secretary of State, to play a significant role in 
international narcotics trafficking centered in Colombia; or (3) to 
materially assist in, or provide financial or technological support for 
or goods or services in support of, the narcotics trafficking 
activities of persons designated in or pursuant to this order; and (4) 
persons determined by the Secretary of the Treasury, in consultation 
with the Attorney General and the Secretary of State, to be owned or 
controlled by, or to act for or on behalf of, persons designated 
pursuant to this Order.
    On January 17, 2008, the Director of OFAC removed from the list of 
Specially Designated Narcotics Traffickers the entities listed below, 
whose property and interests in property were blocked pursuant to the 
Order.
    The listing of the unblocked entities follows:
    1. INVERSIONES MIGUEL RODRIGUEZ E HIJO, Avenida 4N 6N-67 of. 601, 
Cali, Colombia; Avenida 6N 23DN-16 of. 202, 301, 302, 401, 402, Cali, 
Colombia [SDNT]
    2. INVERSIONES RODRIGUEZ ARBELAEZ Y CIA. S. EN C., Avenida 4N No. 
5N-20, Cali, Colombia; Avenida 6N No. 23D-16 of. 402, Cali, Colombia 
[SDNT]
    3. INVERSIONES RODRIGUEZ MORENO Y CIA. S. EN C., Calle 10 No. 4-47, 
Cali, Colombia [SDNT]
    4. INVERSIONES Y CONSTRUCCIONES ATLAS LTDA. (f.k.a. INVERSIONES 
MOMPAX LTDA.; f.k.a. MOMPAX LTDA.), Calle 10 No. 4-47 piso 19, Cali, 
Colombia; NIT  800102408-1 (Colombia) [SDNT]
    5. INVERSIONES Y CONSTRUCCIONES COSMOVALLE LTDA. (f.k.a. COMPAX 
LTDA.; a.k.a. COSMOVALLE; f.k.a. INVERSIONES Y DISTRIBUCIONES COMPAX 
LTDA.), Calle 10 No. 4-47 piso 19, Cali, Colombia; NIT  
800102403-5 (Colombia) [SDNT]
    6. M.O.C. ECHEVERRY HERMANOS LTDA., Calle 23AN No. 5AN-21, Cali, 
Colombia; NIT  800038241-5 (Colombia) [SDNT]

    Dated: January 17, 2008.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
 [FR Doc. E8-1261 Filed 1-24-08; 8:45 am]
BILLING CODE 4811-45-P