[Federal Register Volume 78, Number 40 (Thursday, February 28, 2013)]
[Notices]
[Page 13761]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-04686]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Designation of One Entity Pursuant to Executive Order 13448

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 entity whose property and 
interests in property are blocked pursuant to Executive Order 13448 of 
October 18, 2007 (``Blocking Property and Prohibiting Certain 
Transactions Related to Burma'') (``E.O. 13448'').

DATES: The designation by the Director of OFAC of the one entity named 
in this notice, pursuant to E.O. 13448 is effective February 22, 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

    On October 18, 2007, President George W. Bush signed E.O. 13448 
pursuant to, inter alia, the International Emergency Economic Powers 
Act (50 U.S.C. 1701 et. seq.) (IEEPA). In E.O. 13448, President George 
W. Bush expanded the national emergency declared in Executive Order 
13047 of May 20, 1997, and took additional steps with respect to the 
Government of Burma's continued repression of the democratic 
opposition. The President identified twelve individuals and entities in 
the Annex to E.O. 13448.
    Section 1 of E.O. 13448 blocks, with certain exceptions, all 
property and interests in property that are in, or thereafter come 
within, the United States, or within the possession or control of 
United States persons, including their overseas branches, of the 
persons listed in the Annex to E.O. 13448, 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)(vi) of Section 1 of E.O. 13448.
    On February 22, 2013, 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)(vi) of E.O. 
13448, 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. 13448:
    AYEYARWADY BANK (a.k.a. AYEYARWADDY BANK LTD; a.k.a. IRRAWADDY 
BANK), Block (111-112), Asint Myint Zay, Zabu Thiri Township, Nay Pyi 
Taw, Burma; No. 1 Ywama Curve, Ba Yint Naung Road, Block (2), Hlaing 
Township, Yangon, Burma; SWIFT/BIC AYAB MM MY [BURMA].

    Dated: February 22, 2013.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 2013-04686 Filed 2-27-13; 8:45 am]
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