[Federal Register Volume 76, Number 206 (Tuesday, October 25, 2011)]
[Notices]
[Pages 66132-66133]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-27553]


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 DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Unblocking of Specially Designated Nationals and Blocked Persons 
Pursuant to Executive Order 12978

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets 
Control (``OFAC'') is publishing the names of three individuals and two 
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 
Nationals and Blocked Persons (``SDN List'') of the three individuals 
and two 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 October 19, 2011.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Sanctions 
Compliance & Evaluation, 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 from OFAC's Web site (http://www.treasury.gov/ofac) or via 
facsimile through a 24-hour fax-on demand service at (202) 622-0077.

[[Page 66133]]

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 foreign 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 the Secretary of State: (a) To play a 
significant role in international narcotics trafficking centered in 
Colombia; or (b) 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 the Order; and (3) 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 the Order.
    On October 19, 2011, the Director of OFAC removed from the SDN List 
the three individuals and two entities listed below, whose property and 
interests in property were blocked pursuant to the Order:

Individuals:
    GAMBOA MORALES, Luis Carlos, c/o GAMBOA Y GAMBOA LTDA., Bogota, 
Colombia; Carrera 9 No. 70A--35 Piso 7, Bogota, Colombia; DOB 20 Dec 
1957; Cedula No. 3228859 (Colombia) (individual) [SDNT]
    OSORIO CADAVID, Maria Victoria, c/o COLOR 89.5 FM STEREO, Cali, 
Colombia; c/o DERECHO INTEGRAL Y CIA. LTDA., Cali, Colombia; Cedula No. 
31932294 (Colombia) (individual) [SDNT]
    SAIEH JASSIR, Abdala, 780 NW 42nd Avenue, Suite 516, Miami, FL 
33126; 780 NW Le Jeune Road, Suite 516, Miami, FL 33126; 19667 
Turnberry Way A-G, North Miami Beach, FL; Carrera 56 No. 19-40 Apt. 11, 
Barranquilla, Colombia; c/o VILLAROSA INVESTMENTS CORPORATION, Panama 
City, Panama; c/o VILLAROSA INVESTMENTS FLORIDA, INC., Miami, FL; c/o 
URBANIZADORA ALTAVISTA INTERNACIONAL S.A., Barranquilla, Colombia; c/o 
MLA INVESTMENTS INC., Virgin Islands, British; c/o KATTUS CORPORATION, 
Barbados; c/o KAREN OVERSEAS, INC., Panama City, Panama; c/o KAREN 
OVERSEAS FLORIDA, INC., Miami, FL; c/o JAMCE INVESTMENTS LTD, Grand 
Cayman, Cayman Islands; c/o GRANADA ASSOCIATES, INC., Miami, FL; c/o 
ELIZABETH OVERSEAS INC., Panama City, Panama; c/o CONSTRUCTORA 
ALTAVISTA INTERNACIONAL S.A., Barranquilla, Colombia; c/o CONFECCIONES 
LORD S.A., Barranquilla, Atlantico, Colombia; c/o ALM INVESTMENT 
FLORIDA, INC., Miami, FL; c/o SALMAN CORAL WAY PARTNERS, Miami, FL; c/o 
C.W. SALMAN PARTNERS, Miami, FL; DOB 19 Dec 1919; citizen Colombia; 
Cedula No. 812202 (Colombia); Passport AF547128 (Colombia) (individual) 
[SDNT]

Entities:
    BANCA DE INVERSION Y MERCADO DE CAPITALES S.A. (a.k.a. BIMERC 
S.A.), Avenida 6N No. 17-92 Oficina 802, Cali, Colombia; NIT  
800238316-7 (Colombia) [SDNT]
    GAMBOA Y GAMBOA LTDA., Carrera 9 No. 70A-35 P. 7, Bogota, Colombia; 
NIT  800013236-1 (Colombia) [SDNT]

    Dated: October 19, 2011.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 2011-27553 Filed 10-24-11; 8:45 am]
BILLING CODE 4810-AL-P