[Federal Register Volume 79, Number 88 (Wednesday, May 7, 2014)]
[Notices]
[Pages 26302-26303]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-10441]


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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 13469

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 individual and one entity 
whose property and interests in property have been unblocked pursuant 
to Executive Order 13469 of July 25, 2008, ``Blocking Property of 
Additional Persons Undermining Democratic Processes or Institutions in 
Zimbabwe.''

DATES: The unblocking and removal from the list of Specially Designated 
Nationals and Blocked Persons (``SDN List'') of the individual and 
entity identified in this notice, pursuant to Executive Order 13469 of 
July 25, 2008, is effective April 17, 2014.

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

    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 March 6, 2003, the President, invoking the authority of, inter 
alia, the International Emergency Economic Powers Act (50 U.S.C. 1701-
06) (``IEEPA'') issued Executive Order 13288 (68 FR 11457, March 10, 
2003). In Executive Order 13288, the President declared a national 
emergency to deal with the threat posed by the actions and policies of 
certain members of the Government of Zimbabwe and other persons to 
undermine Zimbabwe's democratic processes or institutions, contributing 
to the deliberate breakdown in the rule of law in Zimbabwe, to 
politically motivated violence and intimidation in that country, and to 
political and economic instability in the southern African region. The 
Annex to Executive Order 13288 included 77 individuals. Executive Order 
13288 also authorized the Secretary of the Treasury, in consultation 
with the Secretary of State, to designate additional persons determined 
to meet the criteria set forth in Executive Order 13288.
    On November 22, 2005, in order to take additional steps with 
respect to the continued actions and policies of certain persons who 
undermine Zimbabwe's democratic processes and with respect to the 
national emergency described and declared in Executive Order 13288, the 
President, invoking the authority of, inter alia, IEEPA, issued 
Executive Order 13391 (70 FR 71201, November 25, 2005). Executive Order 
13391 amends Executive Order 13288 and provides that the Annex to 
Executive Order 13288 is replaced and superseded in its entirety by the 
Annex to Executive Order 13391, containing the names of 128 individuals 
and 33 entities. Executive Order 13288, as amended by Executive Order 
13391, authorizes the Secretary of the Treasury, in consultation with 
the Secretary of State, to block the property and interests in property 
of additional categories of persons beyond the category set forth in 
Executive Order 13288 prior to its amendment.
    On July 25, 2008, the President, invoking the authority of, inter 
alia, IEEPA, issued Executive Order 13469 ``Blocking Property of 
Additional Persons Undermining Democratic Processes or Institutions in 
Zimbabwe'' (the ``Order''). In the Order, the President took additional 
steps with respect to the national emergency declared in Executive 
Order 13288 and relied upon for additional steps taken in Executive 
Order 13391 in order to address the continued political repression and 
the undermining of democratic processes and institutions in Zimbabwe. 
The Order authorized the Secretary of the Treasury, in consultation 
with the Secretary of State, to block the property and interests in 
property of persons determined to have engaged in actions or policies 
to undermine democratic processes or institutions in Zimbabwe, to 
commit acts of violence and other human rights abuses against political 
opponents, and to engage in public corruption.

[[Page 26303]]

    On April 17, 2014, the Director of OFAC determined, pursuant to 
Section 5 of the Order, that circumstances no longer warrant the 
inclusion of Muller Rautenbach and Ridgepoint Overseas Developments 
Limited on the SDN List and that their property and interests in 
property are, therefore, no longer blocked pursuant to section 1(a) of 
the Order and, accordingly, removed their names from the SDN List.

Individual

1. RAUTENBACH, Muller (a.k.a. RAUTENBACH, Billy; a.k.a. RAUTENBACH, 
Muller Conrad); DOB 11 Nov 1950; alt. DOB 23 Sep 1959; citizen 
Zimbabwe; Passport ZE26547 (Zimbabwe) (individual) [ZIMBABWE]

Entity

1. RIDGEPOINT OVERSEAS DEVELOPMENTS LIMITED (a.k.a. RIDGEPOINT OVERSEAS 
DEVELOPMENTS LTD), C/O: Mossack Fonseca & Co. BVI Ltd, Akara Building, 
24 DeCastro St, Road Town, Tortola, Virgin Islands, British; P.O. Box 
3136, Road Town, Tortola, Virgin Islands, British [ZIMBABWE]

    Dated: April 17, 2014.
Barbara C. Hammerle,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2014-10441 Filed 5-6-14; 8:45 am]
BILLING CODE 4811-AL-P