[Federal Register Volume 76, Number 86 (Wednesday, May 4, 2011)]
[Notices]
[Pages 25407-25408]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-10786]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Additional Designations, Foreign Narcotics Kingpin Designation 
Act

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 updating the public listing of four entities whose 
property and interests in property are blocked pursuant to the Foreign 
Narcotics Kingpin Designation Act (``Kingpin Act'') (21 U.S.C. 1901-
1908, 8 U.S.C. 1182). These entities were previously Blocked Pending 
Investigation and their listings will be updated to Blocked pursuant to 
the Kingpin Act.

DATES: The identification as blocked by the Director of OFAC of the 
four entities in this notice, pursuant to section 805(b) of the Kingpin 
Act, is effective on April 28, 2011.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance 
Outreach & Implementation, Office of Foreign Assets Control, Department 
of the Treasury, Washington, DC 20220, tel.: 202/622-2490.

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

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

Background

    The Kingpin Act became law on December 3, 1999. The Kingpin Act 
establishes a program targeting the activities of significant foreign 
narcotics

[[Page 25408]]

traffickers and their organizations on a worldwide basis with the 
objective of denying their businesses and agents access to the U.S. 
financial system and to the benefits of trade and transactions 
involving U.S. companies and individuals.
    The Kingpin Act blocks all property and interests in property, 
subject to U.S. jurisdiction, owned or controlled by significant 
foreign narcotics traffickers as identified by the President. In 
addition, the Secretary of the Treasury, in consultation with the 
Attorney General, the Director of the Central Intelligence Agency, the 
Director of the Federal Bureau of Investigation, the Administrator of 
the Drug Enforcement Administration, the Secretary of Defense, the 
Secretary of State, and the Secretary of Homeland Security, may 
designate and block the property and interests in property, subject to 
U.S. jurisdiction, of foreign persons he determines to be: (1) 
Materially assisting in, or providing financial or technological 
support for or to, or providing goods or services in support of, the 
international narcotics trafficking activities of a person designated 
pursuant to the Kingpin Act; (2) owned, controlled, or directed by, or 
acting for or on behalf of, a person designated pursuant to the Kingpin 
Act; or (3) playing a significant role in international narcotics 
trafficking.
    On April 28, 2011, the Director of OFAC determined that the four 
entities identified in this notice that were previously Blocked Pending 
Investigation are Blocked pursuant to section 805(b) of the Kingpin 
Act.
    OFAC has made changes to the listings of the following four 
entities which were previously Blocked Pending Investigation pursuant 
to the Kingpin Act:

1. IAC INTERNATIONAL INC. (a.k.a. I A C INTERNATIONAL INC.; a.k.a. 
INTERNATIONAL AIRLINE CONSULTING); 8940 NW 24 Terrace, Miami, FL 33122; 
Business Registration Document P9800004558 (United States); US 
FEIN 65-0842701 [BPI-SDNTK]
2. AERO CONTINENTE (USA) INC. (a.k.a. AERO CONTINENTE, Inc.), 2858 NW 
79 Avenue, Miami, FL 33122; Business Registration Document 
P94000013372 (United States); US FEIN 65-0467983 [BPI-SDNTK]
3. CARGO AIRCRAFT LEASING CORP., 2310 NW 55th Court, Ft. Lauderdale, FL 
33309; Business Registration Document 93000004034 (United 
States); US FEIN 65-0389435 [BPI-SDNTK]
4. INTERNATIONAL PACIFIC TRADING, INC., 2858 NW 79 Avenue, Miami, FL; 
US FEIN 65-0315268 (United States); Business Registration Document 
V16155 (United States); US FEIN 65-0315268 [BPI-SDNTK]
    The listings for these four entities have been updated to Blocked 
and appear as follows:

1. IAC INTERNATIONAL INC. (a.k.a. I A C INTERNATIONAL INC.; a.k.a. 
INTERNATIONAL AIRLINE CONSULTING); Miami, FL; Business Registration 
Document P9800004558 (United States); US FEIN 65-0842701 
[SDNTK]
2. AERO CONTINENTE (USA) INC. (a.k.a. AERO CONTINENTE, INC.), Miami, 
FL; Business Registration Document P94000013372 (United 
States); US FEIN 65-0467983 [SDNTK]
3. CARGO AIRCRAFT LEASING CORP., Ft. Lauderdale, FL; Business 
Registration Document 93000004034 (United States); US FEIN 65-
0389435 [SDNTK]
4. INTERNATIONAL PACIFIC TRADING, INC., Miami, FL; Business 
Registration Document V16155 (United States); US FEIN 65-
0315268 [SDNTK]

    Dated: April 28, 2011.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 2011-10786 Filed 5-3-11; 8:45 am]
BILLING CODE 4811-45-P