Notice of OFAC Sanctions Actions
| Published date | 16 November 2020 |
| Citation | 85 FR 73131 |
| Record Number | 2020-25224 |
| Section | Notices |
| Court | Foreign Assets Control Office,Treasury Department |
73131
Federal Register / Vol. 85, No. 221 / Monday, November 16, 2020 / Notices
12
Although filings have been electronic since
2011, this is the first renewal notice in which
FinCEN has reconsidered the burden of storing
reports electronically.
13
The U.S. Bureau of Labor Statistics,
Occupational Employment Statistics-National, May
2019, available at https://www.bls.gov/oes/
tables.htm. The most recent data from the BLS
corresponds to May 2019. For the benefits
component of total compensation, see U.S. Bureau
of Labor Statistics, Employer’s Cost per Employee
Compensation as of December 2019, available at
https://www.bls.gov/news.release/ecec.nr0.htm. The
ratio between benefits and wages for financial
activities is $15.95 (hourly benefits)/$32.05 (hourly
wages) = 0.50. The benefit factor is 1 plus the
benefit/wages ratio, or 1.50. Multiplying each
hourly wage by the benefit factor produces the
fully-loaded hourly wage per position. The May
2019 Bureau of Labor Statistics average hourly wage for ‘‘13–1041 Compliance Officer’’ is $32.20.
($32.20 × 1.50 = $48.30).
account time to store paper copies of the
FBAR form, and estimated that the
approximate recordkeeping burden was
30 minutes. Since 2011, FBARs have
been filed electronically. Electronically
filing the FBAR allows a filer to save an
electronic copy of the report, which
satisfies the recordkeeping part of the
requirement. FinCEN estimates it would
take a filer five minutes to save an
electronic copy of the FBAR.
12
In
addition to maintaining a copy of the
form, those filers who take advantage of
the special rules provisions involving 25
or more accounts are required to
maintain detailed information on those
accounts. However, FinCEN believes
that in most cases, such information
would be maintained by filers in the
ordinary course of business in the form
of periodic account statements and
other business records which would be
maintained mostly electronically. In
addition, there is no requirement in the
FBAR regulations to maintain such
information in any particular format.
For these reasons, FinCEN estimates
that the approximate FBAR
recordkeeping burden will be
approximately five minutes.
FinCEN estimates the total annual
reporting and recordkeeping burden per
FBAR filer will be one hour (55 minutes
for FBAR reporting, and five minutes for
FBAR recordkeeping).
Estimated Total Annual Reporting
and Recordkeeping Burden: 1,273,579
hours (1,273,579 FBAR filers multiplied
by one hour).
Estimated Total Annual Reporting
and Recordkeeping Cost: Of the
1,273,579 FBARs filed for foreign
financial accounts held during calendar
year 2018, 1,209,287 were filed by
individuals, and 64,292 were filed by
entities. FinCEN cannot quantify the
cost to individuals who file FBARs on
their own behalf. For entities, FinCEN
estimates the following annual burden
cost: 64,292 hours × $48.30
13
per hour
= $3,105,303.60.
An Agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Records required to be retained under
the BSA must be retained for five years.
General Request for Comments:
Comments submitted in response to
this notice will be summarized and/or
included in the request for OMB
approval. All comments will become a
matter of public record.
Comments are invited on: (i) Whether
the collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information shall have
practical utility; (ii) the accuracy of the
agency’s estimate of the burden of the
collection of information; (iii) ways to
enhance the quality, utility, and clarity
of the information to be collected; (iv)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology;
and (v) estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Michael Mosier,
Deputy Director, Financial Crimes
Enforcement Network.
[FR Doc. 2020–25216 Filed 11–13–20; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Actions
AGENCY
: Office of Foreign Assets
Control, Treasury.
ACTION
: Notice.
SUMMARY
: The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of one or more persons that have been
placed on OFAC’s Specially Designated
Nationals and Blocked Persons List
based on OFAC’s determination that one
or more applicable legal criteria were
satisfied. All property and interests in
property subject to U.S. jurisdiction of
these persons are blocked, and U.S.
persons are generally prohibited from
engaging in transactions with them.
DATES
: See
SUPPLEMENTARY INFORMATION
section for applicable date(s).
FOR FURTHER INFORMATION CONTACT
:
OFAC: Associate Director for Global
Targeting, tel.: 202–622–2420; Assistant
Director for Sanctions Compliance &
Evaluation, tel.: 202–622–2490;
Assistant Director for Licensing, tel.:
202–622–2480; or Assistant Director for
Regulatory Affairs, tel.: 202–622–4855.
SUPPLEMENTARY INFORMATION
:
Electronic Availability
The Specially Designated Nationals
and Blocked Persons List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website (https://www.treasury.gov/ofac).
Notice of OFAC Actions
On November 10, 2020, OFAC
determined that the property and
interests in property subject to U.S.
jurisdiction of the following persons are
blocked under the relevant sanctions
authorities listed below.
Individuals
1. BANIHASHEMI, Mohammad (a.k.a.
BANIHASHEMI CHAHAROM, Seyed
Mohammad), No. 3, Mehr Alley, Kamran
Alley, Bastan Alley, Firuzbakhsh Ave.,
Aghdasieh, Tehran 1957759678, Iran; DOB
26 Mar 1959; POB Mashhad, Iran; nationality
Iran; Additional Sanctions Information—
Subject to Secondary Sanctions; Gender
Male; Passport B32563329 (Iran) expires 17
Dec 2019; National ID No. 0940486229 (Iran)
(individual) [NPWMD] [IFSR] (Linked To:
DES INTERNATIONAL CO., LTD.).
Designated pursuant to section 1(a)(iv) of
Executive Order 13382 of June 28, 2005, 70
FR 38567, 3 CFR, 2006 Comp., p. 170 (E.O.
13382) for acting or purporting to act for or
on behalf of, directly or indirectly, DES
INTERNATIONAL CO., LTD., a person
whose property and interests in property are
blocked pursuant to E.O. 13382.
2. HUANG, Chin-Hua (a.k.a. HUANG,
Jinee), Taiwan; DOB 08 Apr 1978; POB
Taiwan; citizen Taiwan; Additional
Sanctions Information—Subject to Secondary
Sanctions; Gender Female; Passport
302114600 (Taiwan) expires 07 Oct 2020;
Identification Number H222234242 (Taiwan)
(individual) [NPWMD] [IFSR] (Linked To:
DES INTERNATIONAL CO., LTD.).
Designated pursuant to section 1(a)(iii) of
E.O. 13382 for having provided, or attempted
to provide, financial, material, technological,
or other support for, or goods or services in
support of, DES INTERNATIONAL CO.,
LTD., a person whose property and interests
in property are blocked pursuant to E.O.
13382.
3. SOLTANMOHAMMADI, Mohammad
(a.k.a. SELTAN MOHAMMEDI, Mohammed;
a.k.a. SULTAN MOHMADI, Mohhamad;
a.k.a. WANG, Chung Lang; a.k.a. WANG,
Chung Lung; a.k.a. WANG, Zhong-Lang),
Apartment #1504, Fairooz Tower, Dubai
Marina, Dubai, United Arab Emirates; 216
Ocean Drive, Sentosa Cove, Singapore
098622, Singapore; DOB 04 Nov 1960; POB
Hamedan, Iran; nationality Iran; alt.
nationality United Kingdom; Additional
Sanctions Information—Subject to Secondary
Sanctions; Gender Male; Passport 518015439
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Federal Register / Vol. 85, No. 221 / Monday, November 16, 2020 / Notices
(United Kingdom) expires 07 Apr 2026; alt.
Passport T96397867 (Iran); alt. Passport
038016890 (United Kingdom); alt. Passport
093045489 (United Kingdom); alt. Passport
093104973 (United Kingdom); alt. Passport
093234017 (United Kingdom); alt. Passport
099156908 (United Kingdom); alt. Passport
U11283369 (Iran); alt. Passport S2760238Z;
National ID No. S27602 (United Kingdom)
(individual) [NPWMD] [IFSR] (Linked To:
SOLTECH INDUSTRY CO., LTD.).
Designated pursuant to section 1(a)(iv) of
E.O. 13382 for acting or purporting to act for
or on behalf of, directly or indirectly,
SOLTECH INDUSTRY CO., LTD., a person
whose property and interests in property are
blocked pursuant to E.O. 13382.
4. SUN, Shih Mei (a.k.a. SUN, Amber;
a.k.a. SUN, Shi Mei; a.k.a. SUN, Shih-Mei;
a.k.a. SUN, Shi-Mei), No. 12, Lane 85,
Zhengyi Rd., Zhongli, Taoyuan, 325, Taiwan;
DOB 23 Mar 1969; POB Taitung, Taiwan;
nationality Taiwan; Additional Sanctions
Information—Subject to Secondary
Sanctions; Gender Female; Passport
211104130 (Taiwan); National ID No.
V220335470 (Taiwan) (individual) [NPWMD]
[IFSR] (Linked To: DES INTERNATIONAL
CO., LTD.).
Designated pursuant to section 1(a)(iii) of
E.O. 13382 for having provided, or attempted
to provide, financial, material, technological,
or other support for, or goods or services in
support of, DES INTERNATIONAL CO.,
LTD., a person whose property and interests
in property are blocked pursuant to E.O.
13382.
Entities
1. ARTIN SANA’AT TABAAN COMPANY
(a.k.a. ARTIN SANAT TABAN; a.k.a. ARTIN
SANAT TABAN CO; a.k.a. ‘‘SOLMATE’’),
3rd Floor, No. 158, Keshavarz Str., Tehran,
Iran; 1 North Bridge Road, #25–05, High
Street Center, 179094, Singapore; #14,
Bashardust Ave, Roudbare-Sharghie, Madar
Sq., Shariati St., Mirdamad, Tehran, Iran;
404, 4th Floor, Atrium Centre, Bur-Dubai,
Dubai, United Arab Emirates; P.O. Box
112724, Dubai, United Arab Emirates;
Shariati Street, after MirDamand Blvd.,
Lushah Street, Rabie Street, Bashar Dost
Alley, Plaque 14, Tehran, Iran; TWTC Rm.,
6C–21(6F), No. 5, Hsin Yi Rd, Taipei,
Taiwan; website http://solmatepciran.com;
alt. website http://www.solmateco.com;
Additional Sanctions Information—Subject
to Secondary Sanctions; Registration Number
368623 (Iran) [NPWMD] [IFSR] (Linked To:
DES INTERNATIONAL CO., LTD.).
Designated pursuant to section 1(a)(iii) of
E.O. 13382 for having provided, or attempted
to provide, financial, material, technological,
or other support for, or goods or services in
support of, DES INTERNATIONAL CO.,
LTD., a person whose property and interests
in property are blocked pursuant to E.O.
13382.
2. DES INTERNATIONAL CO., LTD. (a.k.a.
D.E.S. INTERNATIONAL; a.k.a. D.E.S.
INTERNATIONAL CO. LTD.; a.k.a. DES
INTERNATIONAL; a.k.a. DES
INTERNATIONAL CO.; a.k.a. DES
INTERNATIONAL COMPANY; a.k.a. DES
INTERNATIONAL COMPANY LIMITED),
Taiwan World Trade Centre, Rm. 6c–21 (6F),
No. 5, Sec. 5, Xinyi Road, Taipei 11011,
Taiwan; 1 North Bridge Road, #24–05 High
Street Centre, Singapore 179094, Singapore;
Suite 911, 9TH/F, Chuangjian Building,
No.6023 Shennan Main Road, Futian District,
Shenzhen, Guangdong, China; Unit 201, 2F
Lung Fung Centre, No. 23 Yip Cheong Street,
Fanling, N.T., Hong Kong, China; Sultan
Belshalat Building, Shop #4, Ground Floor,
B/H Admiral Plaza Hotel, Bur Dubai, Dubai,
United Arab Emirates; P.O. Box 112724,
United Arab Emirates; Sec. 5, Xinyi Rd.,
Xinyi District No. 5, Taipei City 110, Taiwan;
9FL–3, No. 375, Sec. 4, Sin Yi. Rd., Sin Yi
Dist., Taipei 110, Taiwan; website
www.des.com.tw; alt. website
www.dscmmc.com; Additional Sanctions
Information—Subject to Secondary
Sanctions; Business Number 89402436
(Taiwan); Registration Number 69402436
(Taiwan) [NPWMD] [IFSR] (Linked To:
SOLTANMOHAMMADI, Mohammad).
Designated pursuant to section 1(a)(iv) of
E.O. 13382 for being owned or controlled by,
MOHAMMAD SOLTANMOHAMMADI, a
person whose property and interests in
property are blocked pursuant to E.O. 13382.
3. HODA TRADING (a.k.a. HODA
TRADING CO.; a.k.a. HODA TRADING
COMPANY; a.k.a. SUSTAINABLE
ELECTRONIC DEVELOPMENT; a.k.a.
SUSTAINABLE ELECTRONICS
DEVELOPMENT; a.k.a. SUSTAINABLE
ELECTRONICS DEVELOPMENT
COMPANY), No. 34, Shahid Hesari
(Southern Razan) St., Mirdamad Avenue,
Tehran, Iran; Langari Street, Nobonyad
Square, Pasdaran Avenue, Tehran, Iran; No.
225 Teymori St., Langari—Nobonyad Ave.,
Tehran, Iran; No. 31, Across Nikan Hospital,
Araj, Artesh Highway, Tehran, Iran; website
www.sedfirm.com; Additional Sanctions
Information—Subject to Secondary Sanctions
[NPWMD] [IFSR] (Linked To: IRAN
COMMUNICATION INDUSTRIES).
Designated pursuant to section 1(a)(iv) of
E.O. 13382 for acting or purporting to act for
or on behalf of, directly or indirectly, IRAN
COMMUNICATION INDUSTRIES, a person
whose property and interests in property are
blocked pursuant to E.O. 13382.
4. NAZ TECHNOLOGY CO., LTD. (a.k.a.
N.A.Z. TECHNOLOGY; a.k.a. NAZ
TECHNOLOGY; a.k.a. NAZ TECHNOLOGY
CO.; a.k.a. NAZ TECHNOLOGY
CORPORATION LTD; a.k.a. ‘‘NAZ’’), Taiwan
World Trade Center (TWTC) Room 6C–21
(6F) Number 5 Section 5, Xinyi Road, Xinyi
District, Taipei City, Taiwan; 605, Floor 6,
Building 204, Tairan Technology Park,
Tairan 6th Road, Tianan Community, Sha,
Tou Sub-District, Futian District, Shenzhen,
Guangdong, China; Building 10, Shiguan
Industrial Park, Shenzhen 518106, China; C–
608, Floor 6, Lan Optical Technology
Building, No. 7, Xinxi Road, Hi-and-New
Tech Part (North Zone), Nanshan District,
Shenzhen, China; Rm. 804, Sino Centre, 582–
592 Nathan Rd., KLN, Hong Kong, China;
Additional Sanctions Information—Subject
to Secondary Sanctions; Registration Number
440301503328703 (China) [NPWMD] [IFSR]
(Linked To: SOLTANMOHAMMADI,
Mohammad).
Designated pursuant to section 1(a)(iv) of
E.O. 13382 for being owned or controlled by,
MOHAMMAD SOLTANMOHAMMADI, a
person whose property and interests in
property are blocked pursuant to E.O. 13382.
5. PROMA INDUSTRY CO., LTD. (a.k.a.
PROMA INDUSTRY CO.; a.k.a. PROMA
INDUSTRY CO., LTD; a.k.a. PROMA
INDUSTRY COMPANY; a.k.a. PROMA
INDUSTRY COMPANY, LIMITED; a.k.a.
PROMA INDUSTRY COMPANY, LTD.; a.k.a.
‘‘PROMA’’; a.k.a. ‘‘PROMA INDUSTRY’’),
1A, Fook Ying Building, 379 King’s Road,
North Point, Hong Kong, China; 3A, Fook
Ying Building, 420 Kins Road, Hong Kong,
China; Additional Sanctions Information—
Subject to Secondary Sanctions; C.R. No.
4116 (Hong Kong) [NPWMD] [IFSR] (Linked
To: HODA TRADING).
Designated pursuant to section 1(a)(iii) of
E.O. 13382 for having provided, or attempted
to provide, financial, material, technological,
or other support for, or goods or services in
support of, HODA TRADING, a person whose
property and interests in property are
blocked pursuant to E.O. 13382.
6. SOLTECH INDUSTRY CO., LTD. (a.k.a.
SOLTECH INDUSTRIES COMPANY LTD.;
a.k.a. SOLTECH INDUSTRY COMPANY,
LTD; a.k.a. ‘‘SOLTECH’’; a.k.a. ‘‘SOLTECH
INDUSTRIES’’; a.k.a. ‘‘SOLTECH INDUSTRY
CO.’’; a.k.a. ‘‘SOLTECH INDUSTRY
COMPANY’’), 1A, Fook Ying Building, 379
Kings Road, North Point, Hong Kong, China;
Rm. 51, 5th Floor, Britannia House, Jalan
Cator, Bandar Seri Begawan BS 8811, Brunei;
Additional Sanctions Information—Subject
to Secondary Sanctions; Company Number
NBD/4116 (Brunei) [NPWMD] [IFSR] (Linked
To: HODA TRADING).
Designated pursuant to section 1(a)(iii) of
E.O. 13382 for having provided, or attempted
to provide, financial, material, technological,
or other support for, or goods or services in
support of, HODA TRADING, a person whose
property and interests in property are
blocked pursuant to E.O. 13382.
Dated: November 10, 2020.
Andrea M. Gacki,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
[FR Doc. 2020–25224 Filed 11–13–20; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Open Meeting of the Federal Advisory
Committee on Insurance
AGENCY
: Departmental Offices, U.S.
Department of the Treasury.
ACTION
: Notice of open meeting.
SUMMARY
: This notice announces that
the U.S. Department of the Treasury’s
Federal Advisory Committee on
Insurance (‘‘Committee’’) will meet via
video conference on Thursday,
December 3, 2020 from 12:30 p.m.–3:30
p.m. Eastern Time. The meeting is open
to the public.
DATES
: The meeting will be held via
teleconference on Thursday, December
3, 2020 from 12:30 p.m.–3:30 p.m.
Eastern Time.
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