[Federal Register Volume 75, Number 226 (Wednesday, November 24, 2010)]
[Notices]
[Pages 71794-71795]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-29549]
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DEPARTMENT OF TREASURY
Office of Foreign Assets Control
Blocking of Specially Designated Nationals Pursuant to Executive
Order 13551
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 have been blocked pursuant to Executive Order
13551 of August 30, 2010, ``Blocking Property of Certain Persons With
Respect to North Korea.''
DATES: The designation by the Director of OFAC of the two entities
identified in this notice, pursuant to Executive Order 13551 of August
30, 2010, is effective on November 18, 2010.
FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance
Outreach & Implementation, 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 (http://www.treas.gov/ofac) via
facsimile through a 24-hour fax-on demand service, tel.: (202) 622-
0077.
Background
On August 30, 2010, the President signed Executive Order 13551 (the
``Order'') pursuant to, inter alia, the International Emergency
Economic Powers Act (50 U.S.C. 1701 et seq.), section 5 of the United
Nations Participation Act of 1945, as amended (22 U.S.C. 287c), the
National Emergencies Act (50 U.S.C. 1601 et seq.), and section 301 of
Title 3, United States Code. In the Order, the President found that the
continued actions and policies of the Government of North Korea,
manifested most recently by its unprovoked attack that resulted in the
sinking of the Republic of Korea Navy Ship Cheonan and the deaths of 46
sailors in March 2010, destabilize the Korean peninsula and imperil
U.S. Armed Forces, allies, and trading partners in the region, and
thereby constitute an unusual and extraordinary threat to the national
security, foreign policy, and economy of the United States. The
President identified in the Annex to the Order one individual and three
entities as subject to the economic sanctions in the Order.
Section 1 of the Order 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, of the persons listed in the Annex, as well as
those persons determined by the Secretary of the Treasury, in
consultation with the Secretary of State, to meet any of the criteria
set forth in subparagraphs (a)(i)-(a)(ii)(G) of Section 1.
[[Page 71795]]
On November 18, 2010, the Director of OFAC exercised the Secretary
of the Treasury's authority to designate, pursuant to one or more of
the criteria set forth in Section 1 of the Order, the entities listed
below, whose property and interests in property are blocked pursuant to
E.O. 13551.
The listing of the blocked entities is as follows:
KOREA DAESONG BANK (a.k.a. CHOSON TAESONG UNHAENG; a.k.a. TAESONG
BANK), Segori-dong, Gyongheung St., Potonggang District, Pyongyang,
Korea, North; SWIFT/BIC KDBK KP PY (Korea, North); PHONE 850 2 381
8221; PHONE 850 2 18111 ext. 8221; FAX 850 2 381 4576; TELEX 360230 and
37041 KDP KP; TGMS daesongbank; E-mail [email protected] [DPRK]
KOREA DAESONG GENERAL TRADING CORPORATION (a.k.a. DAESONG TRADING;
a.k.a. DAESONG TRADING COMPANY; a.k.a. KOREA DAESONG TRADING COMPANY;
a.k.a. KOREA DAESONG TRADING CORPORATION), Pulgan Gori Dong 1,
Potonggang District, Pyongyang City, Korea, North; PHONE 850 2 18111
8204/8208; PHONE 850 2 381 8208/4188; FAX 850 2 381 4431/4432; E-mail
[email protected] [DPRK]
Dated: November 18, 2010.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 2010-29549 Filed 11-23-10; 8:45 am]
BILLING CODE 4811-45-P