82 FR 9960 - Sanctions Actions Pursuant to Executive Orders 13382

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control

Federal Register Volume 82, Issue 25 (February 8, 2017)

Page Range		9960-9961
FR Document		2017-02568

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of nine individuals and eight entities whose property and interests in property are blocked pursuant to Executive Order (E.O.) 13382.

Federal Register, Volume 82 Issue 25 (Wednesday, February 8, 2017)

[Federal Register Volume 82, Number 25 (Wednesday, February 8, 2017)]
[Notices]
[Pages 9960-9961]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-02568]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Sanctions Actions Pursuant to Executive Orders 13382

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing the names of nine individuals and eight 
entities whose property and interests in property are blocked pursuant 
to Executive Order (E.O.) 13382.

DATES: OFAC's actions described in this notice were effective on 
February 3, 2017, as further specified below.

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: 

[[Page 9961]]

Electronic Availability

    The Specially Designated Nationals and Blocked Persons List and 
additional information concerning OFAC sanctions programs are available 
on OFAC's Web site (www.treas.gov/ofac).

Notice of OFAC Actions

    On February 3, 2017, OFAC blocked the property and interests in 
property of the following nine persons pursuant to E.O. 13382, 
``Blocking Property of Weapons of Mass Destruction Proliferators and 
Their Supporters'':

Individuals

    1. ASGHARZADEH, Abdollah; DOB 16 Sep 1968; Additional Sanctions 
Information--Subject to Secondary Sanctions (individual) [NPWMD] 
[IFSR].
    2. DARIAN, Tenny (a.k.a. SHAKHDARIAN, Tenny); DOB 06 Sep 1979; 
POB Tehran, Iran; citizen Iran; Additional Sanctions Information--
Subject to Secondary Sanctions; Passport B23545963 expires 05 Mar 
2017 (individual) [NPWMD] [IFSR].
    3. XIANHUA, Qin (a.k.a. QIN, Jack; a.k.a. XIANHUA, Jack); DOB 08 
Jan 1979; citizen China; Additional Sanctions Information--Subject 
to Secondary Sanctions; Passport E31457650 expires 21 Oct 2023 
(individual) [NPWMD] [IFSR].
    4. YUE, Richard (a.k.a. YAODONG, Yue); DOB 22 May 1974; 
Additional Sanctions Information--Subject to Secondary Sanctions 
(individual) [NPWMD] [IFSR].
    5. ZHOU, Carol; DOB 30 Oct 1982; Additional Sanctions 
Information--Subject to Secondary Sanctions (individual) [NPWMD] 
[IFSR].
    6. MAGHAM, Mohammad; DOB 16 Sep 1970; nationality Iran; 
Additional Sanctions Information--Subject to Secondary Sanctions; 
Passport H22452336 (Iran) (individual) [NPWMD] [IFSR].
    7. ZAHEDI, Mostafa (a.k.a. KHAZE, Karim; a.k.a. LIU, Jhon; 
a.k.a. OMAR, Asem; a.k.a. ``IBRAHIM, Mohammad''; a.k.a. ``IBRAHIM, 
Mohammed''); DOB 29 Jun 1978; Additional Sanctions Information--
Subject to Secondary Sanctions (individual) [NPWMD] [IFSR].
    8. ZARGARI, Ghodrat (a.k.a. ZARGARI, Ghodratollah); DOB 1944; 
Additional Sanctions Information--Subject to Secondary Sanctions 
(individual) [NPWMD] [IFSR].
    9. ROSTAMIAN, Kambiz, Villa No. 13, Cluster 31 Juemierah 
Islands, Dubai, United Arab Emirates; DOB 27 Aug 1960; Additional 
Sanctions Information--Subject to Secondary Sanctions; Passport 
RE0003026 (Saint Kitts and Nevis); alt. Passport I17217816 (Iran) 
(individual) [NPWMD] [IFSR].

    On February 3, 2017, OFAC blocked the property and interests in 
property of the following eight entities pursuant to E.O. 13382, 
``Blocking Property of Weapons of Mass Destruction Proliferators and 
Their Supporters'':

Entities

    1. COSAILING BUSINESS TRADING COMPANY LIMITED, 2808 Number 1 
Building, 98 Nanjing Road, Shinan District, Qingdao, China; 
Additional Sanctions Information--Subject to Secondary Sanctions 
[NPWMD] [IFSR].
    2. EAST STAR COMPANY (a.k.a. SATEREH SHARGH MOBIN CO.; a.k.a. 
SATEREH SHARGH SAMIN CO., LTD.; a.k.a. SETAREH SHARGH CO.), Unit 5, 
Third Floor, 15th Street, Bokharest Avenue, Tehran, Iran; Additional 
Sanctions Information--Subject to Secondary Sanctions [NPWMD] 
[IFSR].
    3. NINGBO NEW CENTURY IMPORT AND EXPORT COMPANY, LTD. (a.k.a. 
NEW CENTURY IMPORT AND EXPORT CO. LTD), 5 Hongtang South Road, 
Jiangbei, Ningbo 315033, China; Additional Sanctions Information--
Subject to Secondary Sanctions [NPWMD] [IFSR].
    4. OFOG SABZE DARYA COMPANY, Unit Seven, Fourth Floor, Number 
18, 15th Street, Khaled Eslamboli Street, Beheshti Avenue, Tehran, 
Iran; Additional Sanctions Information--Subject to Secondary 
Sanctions [NPWMD] [IFSR].
    5. ERVIN DANESH ARYAN COMPANY (a.k.a. ERVIN DANESH), 5th Floor, 
No. 78, Forsat Shirazi Street, North Kargar Street, Tehran, Iran; 
Additional Sanctions Information--Subject to Secondary Sanctions 
[NPWMD] [IFSR].
    6. ZIST TAJHIZ POOYESH COMPANY (a.k.a. POOYESH ENVIRONMENTAL 
INSTRUMENTS; a.k.a. ZIEST TAJHIEZ POOYESH), 16, Afshar Alley, Fajr 
Street, Motahari Avenue, Tehran, Iran; Web site 
www.pooyeshenviro.ir; Additional Sanctions Information--Subject to 
Secondary Sanctions [NPWMD] [IFSR].
    7. MKS INTERNATIONAL CO. LTD. (a.k.a. MKS INTERNATIONAL; a.k.a. 
MKS INTERNATIONAL GROUP), Office No. 4, Babataher Street, Dr Fatemi 
Avenue, Tehran, Iran; P.O. BOX 14155-4618, Tehran, Iran; Additional 
Sanctions Information--Subject to Secondary Sanctions [NPWMD] 
[IFSR].
    8. ROYAL PEARL GENERAL T.R.D. (a.k.a. ROYAL PEARL CHEMICAL; 
a.k.a. ROYAL PEARLS; a.k.a. ROYAL PEARLS GENERAL TRADING), P.O. Box 
74382, Dubai, United Arab Emirates; Office No. 8, Near Regal 
International, Sheikh Zayed Road, Dubai 74382, United Arab Emirates; 
Web site www.royalpearlchem.com; Additional Sanctions Information--
Subject to Secondary Sanctions [NPWMD] [IFSR].

    Dated: February 3, 2017.
Andrea M. Gacki,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2017-02568 Filed 2-7-17; 8:45 am]
 BILLING CODE 4810-AL-P

9960 Federal Register / Vol. 82, No. 25 / Wednesday, February 8, 2017 / Notices

must maintain compliance. The institution to obtain a well-reasoned Estimated Total Annual Burden
institution must have procedures to legal opinion confirming the Hours: 240,711.
identify, monitor, and control wrong- enforceability of the credit risk mitigant Comments submitted in response to
way risk throughout the life of an in all relevant jurisdictions in order to this notice will be summarized and
exposure and they must include stress recognize the transference of risk in included in the request for OMB
testing and scenario analysis. connection with a synthetic approval. All comments will become a
Section 3.132(d)(3)(viii) addresses securitization. An institution must matter of public record. Comments are
counterparty credit risk of repo-style demonstrate its comprehensive invited on:
transactions, eligible margin loans, and understanding of a securitization (a) Whether the collections of
OTC derivative contracts. When exposure under § 3.141(c)(2) for each information are necessary for the proper
estimating model parameters based on a securitization exposure by conducting performance of the OCC’s functions,
stress period, an institution must use at an analysis of the risk characteristics of including whether the information has
least three years of historical data that a securitization exposure prior to practical utility;
include a period of stress to the credit acquiring the exposure and document (b) The accuracy of the OCC’s
default spreads of the institution’s such analysis within three business estimates of the burden of the
counterparties. The institution must days after acquiring the exposure. information collections, including the
review the data set and update the data Sections 3.141(c)(2)(i) and (ii) require validity of the methodology and
as necessary, particularly for any that institutions, on an on-going basis assumptions used;
material changes in its counterparties. (at least quarterly), evaluate, review, and (c) Ways to enhance the quality,
The institution must demonstrate at update as appropriate the analysis utility, and clarity of the information to
least quarterly that the stress period required under this section for each be collected; and
coincides with increased credit default securitization exposure. (d) Ways to minimize the burden of
swap (CDS) or other credit spreads of Section 3.142(h)(2), regarding the information collections on respondents,
the institution’s counterparties. The capital treatment for securitization including through the use of automated
institution must have procedures to exposures, requires an institution to collection techniques or other forms of
evaluate the effectiveness of its stress disclose publicly if it has provided information technology.
calibration that include a process for implicit support to a securitization and
using benchmark portfolios that are the regulatory capital impact to the Dated: February 1, 2017.
vulnerable to the same risk factors as the institution of providing such implicit Karen Solomon,
institution’s portfolio. The OCC may support. Deputy Chief Counsel, Office of the
require the institution to modify its Section 3.153(b), outlining the Comptroller of the Currency.
stress calibration to better reflect actual Internal Models Approach (IMA) for [FR Doc. 2017–02583 Filed 2–7–17; 8:45 am]
historic losses of the portfolio. calculating risk-weighted assets for BILLING CODE 4810–33–P
Section 3.132(d)(3)(ix), regarding equity exposures, specifies that an
counterparty credit risk of repo-style institution must receive prior written
transactions, eligible margin loans, and approval from the OCC before it can use DEPARTMENT OF THE TREASURY
OTC derivative contracts, requires that IMA.
an institution must subject its internal Section 3.172 specifies that each Office of Foreign Assets Control
model to an initial validation and advanced approaches institution that
annual model review process that has completed the parallel run process Sanctions Actions Pursuant to
includes consideration of whether the must publicly disclose its total and tier Executive Orders 13382
inputs and risk factors, as well as the 1 risk-based capital ratios and their AGENCY: Office of Foreign Assets
model outputs, are appropriate. This components. Control, Treasury.
section requires institutions to have a Section 3.173 addresses disclosures ACTION: Notice.
backtesting program for its model that by an advanced approaches institution
includes a process by which that is not a consolidated subsidiary of SUMMARY: The U.S. Department of the
unacceptable model performance will an equity that is subject to the Basel III Treasury’s Office of Foreign Assets
be determined and remedied. disclosure requirements. An advanced Control (OFAC) is publishing the names
Section 3.132(d)(3)(x), regarding approaches institution that is subject to of nine individuals and eight entities
counterparty credit risk of repo-style the disclosure requirements must make whose property and interests in
transactions, eligible margin loans, and the disclosures described in Tables 1 property are blocked pursuant to
OTC derivative contracts, provides that through 12. The institution must make Executive Order (E.O.) 13382.
an institution must have policies for the these disclosures publicly available for DATES: OFAC’s actions described in this
measurement, management, and control each of the last three years (that is, notice were effective on February 3,
of collateral and margin amounts. twelve quarters) or such shorter period 2017, as further specified below.
Section 3.132(d)(3)(xi), concerning beginning on the effective date of this
counterparty credit risk of repo-style FOR FURTHER INFORMATION CONTACT: The
subpart E.
transactions, eligible margin loans, and The tables to § 3.173 require Department of the Treasury’s Office of
OTC derivative contracts, states that an qualitative and quantitative public Foreign Assets Control: Assistant
institution must have a comprehensive disclosures for capital structure, capital Director for Licensing, tel.: 202–622–
stress testing program that captures all 2480, Assistant Director for Regulatory
asabaliauskas on DSK3SPTVN1PROD with NOTICES

adequacy, capital conservation and
credit exposures to counterparties, and countercyclical buffers, credit risk, Affairs, tel.: 202–622–4855, Assistant
incorporates stress testing of principal securitization, operational risk, equities Director for Sanctions Compliance &
market risk factors and creditworthiness not subject to the market risk capital Evaluation, tel.: 202–622–2490; or the
of counterparties. requirements, and interest rate risk for Department of the Treasury’s Office of
Section 3.141 relates to operational non-trading activities. the Chief Counsel (Foreign Assets
criteria for recognizing the transfer of Burden Estimates: Control), Office of the General Counsel,
risk in connection with a securitization. Estimated Number of Respondents: tel.: 202–622–2410.
Section 3.141(b)(3) requires an 1,365. SUPPLEMENTARY INFORMATION:

VerDate Sep<11>2014 17:36 Feb 07, 2017 Jkt 241001 PO 00000 Frm 00252 Fmt 4703 Sfmt 4703 E:\FR\FM\08FEN1.SGM 08FEN1

Document Created: 2017-02-08 02:59:07
Document Modified: 2017-02-08 02:59:07

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 February 3, 2017, as further specified below.
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 9960

82 FR 9960 - Sanctions Actions Pursuant to Executive Orders 13382

DEPARTMENT OF THE TREASURYOffice of Foreign Assets Control

Federal Register Volume 82, Issue 25 (February 8, 2017)

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control