[Federal Register Volume 77, Number 143 (Wednesday, July 25, 2012)]
[Notices]
[Page 43658]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-18182]



[[Page 43658]]

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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Designation of One (1) Entity Pursuant to Executive Order 13572 
of April 29, 2011, ``Blocking Property of Certain Persons With Respect 
to Human Rights Abuses in Syria''

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 one (1) entity whose property and 
interests in property are blocked pursuant to Executive Order 13572 of 
April 29, 2011, ``Blocking Property of Certain Persons with Respect to 
Human Rights Abuses in Syria.''

DATES: The designation by the Director of OFAC of the one (1) entity 
identified in this notice, pursuant to Executive Order 13572, is 
effective on July 18, 2012.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance 
Outreach & Implementation, Office of Foreign Assets Control, Department 
of the Treasury, 1500 Pennsylvania Avenue NW. (Treasury Annex), 
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 (www.treas.gov/ofac) or via facsimile 
through a 24-hour fax-on-demand service, Tel.: 202/622-0077.

Background

    On April 29, 2011, the President issued Executive Order 13572, 
``Blocking Property of Certain Persons with Respect to Human Rights 
Abuses in Syria,'' (the ``Order'') pursuant to, inter alia, the 
International Emergency Economic Powers Act (50 U.S.C. 1701-06). In the 
Order, the President expanded the scope of the national emergency 
declared in Executive Order 13338 of May 11, 2004.
    Section 1 of the Order blocks, with certain exceptions, all 
property and interests in property that are in the United States, that 
come within the United States, or that are or come within the 
possession or control of any United States person, of persons listed in 
the Annex to the Order and of persons determined by the Secretary of 
the Treasury, in consultation with the Secretary of State: (1) To be 
responsible for or complicit in, or responsible for ordering, 
controlling, or otherwise directing, or to have participated in, the 
commission of human rights abuses in Syria, including those related to 
repression; (2) to be a senior official of an entity whose property and 
interests in property are blocked pursuant to this Order; (3) to have 
materially assisted, sponsored or provided financial, material, or 
technological support for, or goods or services in support of, the 
activities in subsection (b)(i) of Section 1 of the Order or any person 
whose property and interests in property are blocked pursuant to 
Executive Order 13338, Executive Order 13460, or this Order; or (4) to 
be owned or controlled by, or to have acted or purported to act for or 
on behalf of, directly or indirectly, any person whose property and 
interests in property are blocked pursuant to Executive Order 13460 or 
this Order.
    On July 18, 2012, the Director of OFAC, in consultation with the 
Department of State, designated, pursuant to one or more of the 
criteria set forth in subsection 1(b) of the Order, one (1) entity 
whose property and interests in property are blocked pursuant to 
Executive Order 13572.
    The listing for the entity on OFAC's list of Specially Designated 
Nationals and Blocked Persons appear as follows:

Entity

1. DREX TECHNOLOGIES S.A. (a.k.a. DREX TECHNOLOGIES), Virgin Islands, 
British; Company Number 394678 (Virgin Islands, British) [SYRIA].

    Dated: July 18, 2012.
Adam Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 2012-18182 Filed 7-24-12; 8:45 am]
BILLING CODE 4810-AL-P