[Federal Register Volume 79, Number 172 (Friday, September 5, 2014)]
[Notices]
[Pages 53111-53112]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-21215]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


OFAC Implementation of Certain Sanctions Imposed on Two Persons 
by the Secretary of State Pursuant to the Iran Sanctions Act of 1996, 
as Amended

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 providing notice of actions taken by OFAC to implement 
certain of the sanctions imposed on two persons by the Secretary of 
State pursuant to the Iran Sanctions Act of 1996 (Pub. L. 104-172) (50 
U.S.C. 1701 note), as amended (``ISA'').

DATES: OFAC's actions described in this Notice to implement certain ISA 
sanctions on DIMITRIS CAMBIS and IMPIRE SHIPPING COMPANY were effective 
March 14, 2013.

FOR FURTHER INFORMATION CONTACT: Assistant Director for 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.treasury.gov/ofac) or via facsimile 
through a 24-hour fax-on demand service tel.: (202) 622-0077.

Background

    The Iran Sanctions Act of 1996 (Pub. L. 104-172) (50 U.S.C. 1701 
note), as amended (``ISA''), requires the Secretary of State, pursuant 
to authority delegated by the President, to impose or waive sanctions 
on persons determined to have engaged in certain investment or other 
activity in connection with Iran's petroleum or petrochemical sectors. 
Specifically, section 5(a)(8) of ISA requires the imposition of 
sanctions on certain persons that conceal the Iranian origin of crude 
oil and refined petroleum products. Executive Order 13628 of October 9, 
2012, ``Authorizing the Implementation of Certain Sanctions Set Forth 
in the Iran Threat Reduction and Syria Human Rights Act of 2012 and 
Additional Sanctions With Respect to Iran'' (``E.O. 13628''), requires 
the Secretary of the Treasury, pursuant to authority under the 
International Emergency Economic Powers Act (50 U.S.C. 1701-1706), to 
implement certain sanctions set forth in section 6 of ISA when those 
sanctions are selected and imposed by the Secretary of State pursuant 
to ISA.
    The Secretary of the Treasury is responsible for implementing the 
following sanctions described in section 6(a) of ISA: (i) With respect 
to section 6(a)(3) of ISA, to prohibit any U.S. financial institution 
from making loans or providing credits to a person sanctioned under 
ISA; (ii) with respect to section 6(a)(6) of ISA, to prohibit any 
transactions in foreign exchange that are subject to the jurisdiction 
of the United States and in which a person sanctioned under ISA has any 
interest; (iii) with respect to section 6(a)(7) of ISA, to prohibit any 
transfers of credit or payments between financial institutions or by, 
through, or to any financial institution, to the extent that such 
transfers or payments are subject to the jurisdiction of the United 
States and involved any interest of a person sanctioned under ISA; (iv) 
with respect to section 6(a)(8) of ISA, to block 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, including any foreign branch, of a person 
sanctioned under ISA, and to provide that such property and interests 
in property may not be transferred, paid, exported, withdrawn, or 
otherwise dealt in; (v) with respect to section 6(a)(9) of ISA, to 
prohibit any United States person from investing in or purchasing 
significant amounts of equity or debt instruments of a person 
sanctioned under ISA; (vi) with respect to section 6(a)(11) of ISA, to 
impose on the principal executive officer or officers, or persons 
performing similar functions and with similar authorities, of a person 
sanctioned under ISA the sanctions described in (i) through (v) above 
and (vii) below, as selected by the Secretary of State; and (vii) with 
respect to section 6(a)(12) of ISA, to restrict or prohibit imports of 
goods, technology, or services, directly or indirectly, into the United 
States from a person sanctioned under ISA.
    The Secretary of State has imposed sanctions on the persons listed 
below pursuant to section 5(a)(8) of ISA.\1\ See 78 FR 21183 (April 9, 
2013), which provides the name of the individual and entity subject to 
sanctions, as well as a complete list of the sanctions imposed. 
Accordingly, the Director of OFAC, acting pursuant to delegated 
authority, has taken action under E.O. 13628 to implement certain 
sanctions imposed by the Secretary of State pursuant to subsections 
6(a)(6)-(8) of ISA with respect to the following individual:
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    \1\ Separately, on March 14, 2013, the Director of OFAC 
identified Dimitris Cambis and Impire Shipping Company, among other 
persons, as meeting the definition of ``the Government of Iran'' 
pursuant to Executive Order 13599 of February 5, 2012, ``Blocking 
Property of the Government of Iran and Iranian Financial 
Institutions. See 78 FR 19075. As a result, the property and 
interests in property of these persons are blocked and they appear 
on OFAC's List of Specially Designated Nationals and Blocked Persons 
with the identifying tag ``IRAN.''

    1. CAMBIS, Dimitris (a.k.a. KAMPIS, Dimitrios Alexandros; a.k.a. 
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``KLIMT, Gustav''); DOB 14 Oct 1963 (individual) [IRAN] [ISA]

    In addition, the Director of OFAC, acting pursuant to delegated 
authority, has taken action under E.O. 13628 to

[[Page 53112]]

implement certain sanctions imposed by the Secretary of State pursuant 
to subsections 6(a)(7)-(8) of ISA with respect to the following entity:

    1. IMPIRE SHIPPING COMPANY (a.k.a. IMPIRE SHIPPING; a.k.a. 
IMPIRE SHIPPING LIMITED), Greece [IRAN] [ISA]

    The Director of OFAC has: (a) Blocked 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, including any overseas branch, of the individual 
and the entity listed above; (b) prohibited any transfers of credit or 
payments between financial institutions or by, through, or to any 
financial institution, to the extent that such transfers or payments 
are subject to the jurisdiction of the United States and involve any 
interest of the individual or the entity listed above; and (c) 
prohibited any transactions in foreign exchange that are subject to the 
jurisdiction of the United States and which involve any interest of the 
individual listed above. Dimitris Cambis and Impire Shipping Company 
have been added to OFAC's List of Specially Designated Nationals and 
Blocked Persons with the identifying tags ``[IRAN]'' and ``[ISA].''

    Dated: August 8, 2014.
Barbara C. Hammerle,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2014-21215 Filed 9-4-14; 8:45 am]
BILLING CODE 4810-AL-P