[Federal Register Volume 73, Number 135 (Monday, July 14, 2008)]
[Notices]
[Pages 40449-40450]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-15942]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Unblocking of Specially Designated National Pursuant to Executive 
Order 13315, as Amended by Executive Order 13350

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 an individual whose property and 
interests in property have been unblocked pursuant to Executive Order 
13315 of August 28, 2003, Blocking Property of the Former Iraqi Regime, 
Its Senior Officials and Their Family Members, and Taking Certain Other 
Actions, as amended by Executive Order 13350 of July 29, 2004, 
Termination of Emergency Declared in Executive Order12722 With Respect 
to Iraq and Modification of Executive Order 13290, Executive Order 
13303, and Executive Order 13315.

DATES: The unblocking and removal from the list of Specially Designated 
Nationals of the individual identified in this notice whose property 
and interests in property were blocked pursuant to Executive Order 
13315 of August 28, 2003, as amended by Executive Order 13350 of July 
29, 2004, is effective on June 30, 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://

[[Page 40450]]

www.treas.gov/ofac) via facsimile through a 24-hour fax-on demand 
service, tel.: (202) 622-0077.

Background

    On August 28, 2003, the President, invoking the authority, inter 
alia, of the International Emergency Economic Powers Act (50 U.S.C. 
1701-1706) (``IEEPA''), issued Executive Order 13315 (68 FR 52315, 
September 3, 2003). Section 1 of Executive Order 13315 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 the Annex to Executive 
Order 13315; (2) any person determined by the Secretary of Treasury, in 
consultation with the Secretary of State, (a) to be senior officials of 
the former Iraqi regime or their immediate family members; or (b) to be 
owned or controlled by, or acting or purporting to act for or on behalf 
of, directly or indirectly, any of the persons listed in the Annex to 
Executive Order 13315 or determined to be subject to Executive Order 
13315.
    On July 29, 2004, the President, acting under the authority of, 
inter alia, IEEPA, issued Executive Order 13350 (69 FR 46053, July 30, 
2004). Executive Order 13350 terminated the national emergency with 
respect to Iraq declared in Executive Order 12722 and revoked Executive 
Order 12722 and all other executive orders based on that national 
emergency. It also took additional steps in response to the national 
emergency declared in Executive Order 13303 and expanded in Executive 
Order 13315, relating to obstacles to the orderly reconstruction of 
Iraq, the restoration and maintenance of peace and security in that 
country, and the development of political, administrative, and economic 
institutions in Iraq. More specifically, Executive Order 13350 replaced 
the Annex to Executive Order 13315 with a new annex that included the 
names of certain individuals and entities that had previously been 
designated under Executive Order 12722 and related authorities.
    On June 30, 2008, the Director of OFAC removed from the list of 
Specially Designated Nationals the individual listed below, whose 
property and interests in property were blocked pursuant to Executive 
Order 13315, as amended by Executive Order 13350.
    The listing of the unblocked individual follows:

NESSI, Ferruccio, Piazza Grande 26, 6600, Locarno, Switzerland 
(individual) [IRAQ2].

    Dated: June 30, 2008.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. E8-15942 Filed 7-11-08; 8:45 am]
BILLING CODE 4811-45-P