[Federal Register Volume 77, Number 196 (Wednesday, October 10, 2012)]
[Notices]
[Pages 61658-61659]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-24181]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Designation of Two Entities Pursuant to Executive Orders

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 names of two entities whose property and 
interests in property are blocked pursuant to Executive Order 13619 of 
July 11, 2012, ``Blocking Property of Persons Threatening the Peace, 
Security, or Stability of Burma'' and Executive Order 13464 of April 
30, 2008, ``Blocking Property and Prohibiting Certain Transactions 
Related to Burma.''

DATES: The designation by the Director of OFAC of the two entities 
named in this notice, pursuant to Executive Order 13619 and Executive 
Order 13464, is effective July 11, 2012.

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.treasury.gov/ofac) or via facsimile 
through a 24-hour fax-on-demand service, Tel.: 202/622-0077.

Background

    On July 11, 2012, President Barack Obama signed Executive Order 
13619, ``Blocking Property of Persons Threatening the Peace, Security, 
or

[[Page 61659]]

Stability of Burma'' (``E.O. 13619''), 77 Fed. Reg. 41243 (July 13, 
2012), pursuant to, inter alia, the International Emergency Economic 
Powers Act (50 U.S.C. 1701 et seq.), which modifies the scope of the 
national emergency declared in Executive Order 13047 of May 20, 1997, 
as modified in scope in Executive Order 13448 of October 18, 2007, and 
relied upon for additional steps taken in Executive Order 13310 of July 
28, 2003, Executive Order 13448 of October 18, 2007, and Executive 
Order 13464 of April 30, 2008.
    Section 1(a) of E.O. 13619 blocks, with certain exceptions, all 
property and interests in property that are in, 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, of persons determined by the Secretary of the Treasury, 
in consultation with or at the recommendation of the Secretary of 
State, to satisfy any of the criteria set forth in subparagraphs 
(a)(i)-(a)(vi) of Section 1. On July 11, 2012, the Director of OFAC, in 
consultation with or at the recommendation of the Department of State 
designated, pursuant to one or more of the criteria set forth in 
Section 1, subparagraphs (a)(i)-(a)(vi) of E.O. 13619, the following 
entity, whose name has been added to the list of Specially Designated 
Nationals and Blocked Persons and whose property and interests in 
property are blocked pursuant to E.O. 13619:

1. DIRECTORATE OF DEFENCE INDUSTRIES (a.k.a. KA PA SA; a.k.a. ``DDI''), 
Burma; Ministry of Defense, Shwedagon Pagoda Road, Yangon, Burma 
[BURMA]

    On April 30, 2008, President George W. Bush signed Executive Order 
13464 ``Blocking Property and Prohibiting Certain Transactions Related 
to Burma'' (``E.O. 13464''), pursuant to, inter alia, the International 
Emergency Economic Powers Act (50 U.S.C. 1701 et. seq.). In E.O. 13464, 
President George W. Bush took additional steps with respect to the 
national emergency declared in Executive Order 13047 of May 20, 1997, 
and expanded in Executive Order 13448 of October 18, 2007.
    Section 1 of E.O. 13464 blocks, with certain exceptions, all 
property and interests in property that are in, that hereafter come 
within, the United States, or that are or hereafter come within the 
possession or control of any United States person, including their 
overseas branches, of the persons listed in the annex to E.O. 13464, as 
well as those persons determined by the Secretary of the Treasury, 
after consultation with the Secretary of State, to satisfy any of the 
criteria set forth in subparagraphs (b)(i)-(b)(iii) of Section 1. On 
July 11, 2012, the Director of OFAC, after consultation with the 
Department of State, designated, pursuant to one or more of the 
criteria set forth in Section 1, subparagraphs (b)(i)-(b)(iii) of E.O. 
13464, the following entity, whose name has been added to the list of 
Specially Designated Nationals and Blocked Persons and whose property 
and interests in property are blocked pursuant to E.O. 13464:

1. INNWA BANK LTD (a.k.a. INNWA BANK), 554-556 Corner of Merchant 
Street and 35th Street, Kyauktada Township, Yangon, Burma; SWIFT/BIC 
AVAB MM M1 [BURMA].

    Dated: September 24, 2012.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 2012-24181 Filed 10-9-12; 8:45 am]
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