[Federal Register Volume 78, Number 99 (Wednesday, May 22, 2013)]
[Notices]
[Page 30397]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-12219]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Identification of Entity Pursuant to the Iranian Transactions and 
Sanctions Regulations and Executive Order 13599

AGENCY: Office of Foreign Assets Control, Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Treasury Department's Office of Foreign Assets Control 
(``OFAC'') is publishing the name of one entity identified as the 
Government of Iran under the Iranian Transactions and Sanctions 
Regulations (the ``ITSR''), 31 CFR Part 560, and Executive Order 13599, 
and has updated OFAC's list of Specially Designated Nationals and 
Blocked Persons (``SDN List'') to identify this entity.

DATES: The identification by the Director of OFAC of the entity 
identified in this notice, pursuant to the ITSR and Executive Order 
13599, was announced on May 9, 2013.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Sanctions 
Compliance and Evaluation, Office of Foreign Assets Control, Department 
of the Treasury, Washington, DC 20220, Tel.: 202/622-2490.

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

    The SDN List and additional information concerning OFAC are 
available from OFAC's Web site (www.treas.gov/ofac). Certain general 
information pertaining to OFAC's sanctions programs also is available 
via facsimile through a 24-hour fax-on-demand service, Tel.: 202/622-
0077.

Background

    On February 5, 2012, the President issued Executive Order 13599, 
``Blocking Property of the Government of Iran and Iranian Financial 
Institutions'' (the ``Order''). Section 1(a) of the Order blocks, with 
certain exceptions, all property and interests in property of the 
Government of Iran, including the Central Bank of Iran, that are in the 
United States, that hereafter come within the United States, or that 
are or hereafter come within the possession or control of any United 
States person, including any foreign branch.
    Section 7(d) of the Order defines the term ``Government of Iran'' 
to mean the Government of Iran, any political subdivision, agency, or 
instrumentality thereof, including the Central Bank of Iran, and any 
person owned or controlled by, or acting for or on behalf of, the 
Government of Iran.
    Section 560.211 of the ITSR implements Section 1(a) of the Order. 
Section 560.304 of the ITSR defines the term ``Government of Iran'' to 
include: ``(a) The state and the Government of Iran, as well as any 
political subdivision, agency, or instrumentality thereof, including 
the Central Bank of Iran; (b) Any person owned or controlled, directly 
or indirectly, by the foregoing; and (c) Any person to the extent that 
such person is, or has been, since the effective date, acting or 
purporting to act, directly or indirectly, for or on behalf of any of 
the foregoing; and (d) Any other person determined by the Office of 
Foreign Assets Control [(``OFAC'')] to be included within [(a) through 
(c)].'' Section 560.313 of the ITSR further defines an ``entity owned 
or controlled by the Government of Iran'' to include ``any corporation, 
partnership, association, or other entity in which the Government of 
Iran owns a 50 percent or greater interest or a controlling interest, 
and any entity which is otherwise controlled by that government.'' On 
May 9, 2013, the Director of OFAC identified one entity as meeting the 
definition of the Government of Iran pursuant to the Order and the 
ITSR, and updated the SDN List to identify this entity.
    The listing for this entity is as follows:

1. SAMBOUK SHIPPING FZC, FITCO Building No. 3, Office 101, 1st Floor, 
P.O. Box 50044, Fujairah, United Arab Emirates; Office 1202, Crystal 
Plaza, P.O. Box 50044, Buhaira Corniche, Sharjah, United Arab Emirates 
[IRAN] (Linked To: CAMBIS, Dimitris).

    Dated: May 9, 2013.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 2013-12219 Filed 5-21-13; 8:45 am]
BILLING CODE 4810-AL-P