82 FR 47603 - Sanctions Actions Pursuant to Executive Order 13581

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control

Federal Register Volume 82, Issue 196 (October 12, 2017)

Page Range		47603-47603
FR Document		2017-22097

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the name of a person whose property and interests in property have been unblocked pursuant to Executive Order 13581 of July 24, 2011, ``Blocking Property of Transnational Criminal Organizations.''

Federal Register, Volume 82 Issue 196 (Thursday, October 12, 2017)

[Federal Register Volume 82, Number 196 (Thursday, October 12, 2017)]
[Notices]
[Page 47603]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-22097]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Sanctions Actions Pursuant to Executive Order 13581

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing the name of a person whose property and 
interests in property have been unblocked pursuant to Executive Order 
13581 of July 24, 2011, ``Blocking Property of Transnational Criminal 
Organizations.''

DATES: OFAC's actions described in this notice were effective on June 
21, 2017.

FOR FURTHER INFORMATION CONTACT: The Department of the Treasury's 
Office of Foreign Assets Control: Assistant Director for Licensing, 
tel.: 202-622-2480, Assistant Director for Regulatory Affairs, tel.: 
202-622-4855, Assistant Director for Sanctions Compliance & Evaluation, 
tel.: 202-622-2490; or the Department of the Treasury's Office of the 
Chief Counsel (Foreign Assets Control), Office of the General Counsel, 
tel.: 202-622-2410.

SUPPLEMENTARY INFORMATION: 

Electronic Availability

    The list of Specially Designated Nationals and Blocked Persons (SDN 
List) and additional information concerning OFAC sanctions programs are 
available from OFAC's Web site at http://www.treasury.gov/ofac.

Notice of OFAC Actions

    On June 21, 2017, OFAC removed from the SDN List the person listed 
below, whose property and interests in property were blocked pursuant 
to Executive Order 13581.

Individual

    1. DRISCOLL, Mary Ann, Vancouver, British Columbia, Canada; DOB 01 
Jun 1950 to 30 Jun 1950; nationality Canada (individual) [TCO] (Linked 
To: CHEXX INC.; Linked To: INDIAN RIVER (UK) LTD.; Linked To: PACNET 
GROUP).

    Dated: June 21, 2017.
Andrea Gacki
Acting Director, Office of Foreign Assets Control.

    Editorial Note: This document was received at the Office of the 
Federal Register on Friday, October 6, 2017.

[FR Doc. 2017-22097 Filed 10-11-17; 8:45 am]
BILLING CODE 4810-AL-P

Federal Register / Vol. 82, No. 196 / Thursday, October 12, 2017 / Notices 47603

remain in effect and will continue to DEPARTMENT OF THE TREASURY DEPARTMENT OF THE TREASURY
apply to deposit advance products.3
The OCC continues to support and Office of Foreign Assets Control Office of Foreign Assets Control
encourage banks and savings Sanctions Actions Pursuant to Sanctions Actions Pursuant to
associations to develop and use Executive Order 13581 Executive Order 13581
innovative products to meet customers’
short-term, small-dollar credit needs AGENCY: Office of Foreign Assets AGENCY: Office of Foreign Assets
and will continue to ensure that banks Control, Treasury. Control, Treasury.
that choose to offer this type of product ACTION: Notice. ACTION: Notice.
do so responsibly. In providing deposit
advance products and other short-term, SUMMARY: The U.S. Department of the SUMMARY: The U.S. Department of the
small-dollar loans, banks should be Treasury’s Office of Foreign Assets Treasury’s Office of Foreign Assets
guided by basic principles of prudent Control (OFAC) is publishing the name Control (OFAC) is publishing the name
underwriting and risk management as of a person whose property and interests of a person whose property and interests
well as fair and inclusive treatment of in property have been unblocked in property have been unblocked
customers. In particular, banks should pursuant to Executive Order 13581 of pursuant to Executive Order 13581 of
consider the following core principles July 24, 2011, ‘‘Blocking Property of July 24, 2011, ‘‘Blocking Property of
when offering innovative, short-term, Transnational Criminal Organizations.’’ Transnational Criminal Organizations.’’
small-dollar loan products: DATES: OFAC’s actions described in this DATES: OFAC’s actions described in this
• All bank products should be notice were effective on June 6, 2017. notice were effective on June 21, 2017.
consistent with safe and sound banking, FOR FURTHER INFORMATION CONTACT: The
treat customers fairly, and comply with FOR FURTHER INFORMATION CONTACT: The
Department of the Treasury’s Office of Department of the Treasury’s Office of
applicable laws and regulations. Foreign Assets Control: Assistant Foreign Assets Control: Assistant
• Banks should effectively manage Director for Licensing, tel.: 202–622– Director for Licensing, tel.: 202–622–
the risks associated with the products 2480, Assistant Director for Regulatory 2480, Assistant Director for Regulatory
they offer, including credit, operational, Affairs, tel.: 202–622–4855, Assistant Affairs, tel.: 202–622–4855, Assistant
compliance, and reputation. Director for Sanctions Compliance & Director for Sanctions Compliance &
• All credit products should be Evaluation, tel.: 202–622–2490; or the Evaluation, tel.: 202–622–2490; or the
underwritten based on reasonable Department of the Treasury’s Office of Department of the Treasury’s Office of
policies and practices, including the Chief Counsel (Foreign Assets the Chief Counsel (Foreign Assets
guidelines governing the amounts Control), Office of the General Counsel, Control), Office of the General Counsel,
borrowed, frequency of borrowing, and tel.: 202–622–2410. tel.: 202–622–2410.
repayment requirements. SUPPLEMENTARY INFORMATION:
SUPPLEMENTARY INFORMATION:
OCC examiners will continue to Electronic Availability Electronic Availability
assess how banks offer short-term,
The list of Specially Designated
small-dollar loan products, including The list of Specially Designated
Nationals and Blocked Persons (SDN
whether management oversight is Nationals and Blocked Persons (SDN
List) and additional information
appropriate, whether risks posed by List) and additional information
concerning OFAC sanctions programs
third-party relationships are concerning OFAC sanctions programs
are available from OFAC’s Web site at
appropriately managed, and whether the are available from OFAC’s Web site at
http://www.treasury.gov/ofac.
product complies with applicable http://www.treasury.gov/ofac.
federal consumer protection statutes. Notice of OFAC Actions
Notice of OFAC Actions
The OCC will take appropriate action to
On June 6, 2017, OFAC removed from
address any unsafe or unsound banking On June 21, 2017, OFAC removed
the SDN List the person listed below,
practice or violations of law associated from the SDN List the person listed
whose property and interests in
with these products. below, whose property and interests in
property were blocked pursuant to
property were blocked pursuant to
Dated: October 5, 2017. Executive Order 13581.
Executive Order 13581.
Keith A. Noreika, Individual
Acting Comptroller of the Currency. Individual
[FR Doc. 2017–22012 Filed 10–11–17; 8:45 am]
1. BOTTCHER, Monica Elizabete
(a.k.a. BOTTCHER, Monica Elizabeth), 1. DRISCOLL, Mary Ann, Vancouver,
BILLING CODE 4810–33–P
45 Knock Rushen, Castletown, Isle of British Columbia, Canada; DOB 01 Jun
Man IM9 1TQ, United Kingdom; DOB 1950 to 30 Jun 1950; nationality Canada
3 See, e.g., Advisory Letter 2000–7, ‘‘Abusive
26 Feb 1973 (individual) [TCO] (Linked (individual) [TCO] (Linked To: CHEXX
Lending Practices’’; Comptroller’s Handbook,
To: PACNET BRAZIL; Linked To: INC.; Linked To: INDIAN RIVER (UK)
‘‘Deposit-Related Credit’’ (underwriting, credit LTD.; Linked To: PACNET GROUP).
administration, management oversight); OCC PACNET GROUP)
Bulletin 2010–16, ‘‘Guidance for Evaluating Capital
Dated: June 6, 2017. Dated: June 21, 2017.
asabaliauskas on DSKBBXCHB2PROD with NOTICES

Planning and Adequacy’’ (capital planning); OCC Andrea Gacki
Bulletin 2001–37, ‘‘ALLL Methodologies and Andrea Gacki,
Documentation’’ (ALLL); OCC Bulletin 2013–29, Acting Director, Office of Foreign Assets Acting Director, Office of Foreign Assets
‘‘Third-Party Relationships: Risk Management Control. Control.
Guidance,’’ as supplemented by OCC Bulletin
2017–21, ‘‘Third-Party Relationships: Frequently Editorial Note: This document was Editorial Note: This document was
Asked Questions to Supplement OCC Bulletin received at the Office of the Federal Register received at the Office of the Federal Register
2013–29.’’ The ‘‘Deposit-Related Credit’’ booklet,
on Friday, October 6, 2017. on Friday, October 6, 2017.
which provides guidance to and procedures for
examiners, will be revised to remove references to [FR Doc. 2017–22096 Filed 10–11–17; 8:45 am] [FR Doc. 2017–22097 Filed 10–11–17; 8:45 am]
the Guidance. BILLING CODE 4810–AL–P BILLING CODE 4810–AL–P

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Document Created: 2018-10-25 10:05:44
Document Modified: 2018-10-25 10:05:44

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Dates		OFAC's actions described in this notice were effective on June 21, 2017.
Contact		The Department of the Treasury's Office of Foreign Assets Control: Assistant Director for Licensing, tel.: 202-622-2480, Assistant Director for Regulatory Affairs, tel.: 202-622-4855, Assistant Director for Sanctions Compliance & Evaluation, tel.: 202-622-2490; or the Department of the Treasury's Office of the Chief Counsel (Foreign Assets Control), Office of the General Counsel, tel.: 202-622-2410.
FR Citation		82 FR 47603

82 FR 47603 - Sanctions Actions Pursuant to Executive Order 13581

DEPARTMENT OF THE TREASURYOffice of Foreign Assets Control

Federal Register Volume 82, Issue 196 (October 12, 2017)

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control