Federal Register / Vol. 77, No. 31 / Wednesday, February 15, 2012 / Notices 8957 

SUPPLEMENTARY INFORMATION: A 

Certificate of Authority as an acceptable 

surety on Federal bonds is hereby 

issued under 31 U.S.C. 9305 to the 

following company: 

Grange Insurance Company of Michigan 

(NAIC# 11136). Business Address: 

671 South High Street, P.O. Box 1218, 

Columbus, OH 43216–1218. Phone: 

(614) 445–2900. Underwriting 

Limitation b/: $2,826,000. Surety 

Licenses Cl: MI, OH, Incorporated In: 

Ohio. 

Federal bond-approving officers 

should annotate their reference copies 

of the Treasury Circular 570 

(‘‘Circular’’), 2011 Revision, to reflect 

this addition. 

Certificates of Authority expire on 

June 30th each year, unless revoked 

prior to that date. The Certificates are 

subject to subsequent annual renewal as 

long as the companies remain qualified 

(see 31 CFR part 223). A list of qualified 

companies is published annually as of 

July 1st in the Circular, which outlines 

details as to the underwriting 

limitations, areas in which companies 

are licensed to transact surety business, 

and other information. 

The Circular may be viewed and 

downloaded through the Internet at 

http://www.fms.treas.gov/c570. 

Questions concerning this Notice may 

be directed to the U.S. Department of 

the Treasury, Financial Management 

Service, Financial Accounting and 

Services Division, Surety Bond Branch, 

3700 East-West Highway, Room 6F01, 

Hyattsville, MD 20782. 

Dated: January 31, 2012. 

Laura Carrico, 

Director, Financial Accounting and Services 

Division, Financial Management Service. 

[FR Doc. 2012–3475 Filed 2–14–12; 8:45 am] 

BILLING CODE 4810–35–M 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

OFAC Implementation of Certain 

Sanctions Imposed on Three Persons 

by the Secretary of State Pursuant to 

the Iran Sanctions Act of 1996, as 

Amended 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The Treasury Department’s 

Office of Foreign Assets Control 

(‘‘OFAC’’) is taking action to implement 

certain of the sanctions imposed on 

three persons by the Secretary of State 

pursuant to the Iran Sanctions Act of 

1996 (Pub. L. 104–172) (50 U.S.C. 1701 

note) (‘‘ISA’’), as amended by the 

Comprehensive Iran Sanctions, 

Accountability, and Divestment Act of 

2010 (Pub. L. 111–195) (22 U.S.C. 8501– 

8551) (‘‘CISADA’’). 

DATES: OFAC’s action to implement the 

sanctions on FAL OIL COMPANY LTD, 

KUO OIL (S) PTE. LIMITED, and 

ZHUHAI ZHENRONG COMPANY was 

taken on January 12, 2012. The effective 

date for these actions is February 15, 

2012 or the date of actual notice, 

whichever is earlier. 

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 (http:// 

www.treasury.gov/offices/enforcement/ 

ofac). Certain general information 

pertaining to OFAC’s sanctions 

programs also is available via facsimile 

through a 24 hour fax-on-demand 

service, tel.: (202) 622–0077. 

Background 

ISA, as amended by CISADA, requires 

the Secretary of State, pursuant to 

authority delegated by the President, to 

impose or waive sanctions on persons 

determined to have made certain 

investments in Iran’s energy sector or to 

have engaged in certain activities 

relating to Iran’s refined petroleum 

sector. Executive Order 13574 of May 

23, 2011, ‘‘Authorizing the 

Implementation of Certain Sanctions Set 

Forth in the Iran Sanctions Act of 1996, 

as Amended,’’ requires the Secretary of 

the Treasury, pursuant to authority 

under the International Emergency 

Economic Powers Act (50 U.S.C. 1701– 

1706), to implement certain of the 

sanctions imposed by the Secretary of 

State under ISA, as amended by 

CISADA. 

The five ISA sanctions that the 

Secretary of the Treasury is responsible 

for implementing are: (i) With respect to 

section 6(a)(3) of ISA, to prohibit any 

United States financial institution from 

making loans or providing credits to a 

person sanctioned under ISA consistent 

with section 6(a)(3) of ISA; (ii) with 

respect to section 6(a)(6) of ISA, to 

prohibit any transactions in foreign 

exchange that are subject to the 

jurisdiction of the United States and in 

which a person sanctioned under ISA 

has any interest; (iii) with respect to 

section 6(a)(7) of ISA, to prohibit any 

transfers of credit or payments between 

financial institutions or by, through, or 

to any financial institution, to the extent 

that such transfers or payments are 

subject to the jurisdiction of the United 

States and involve any interest of a 

person sanctioned under ISA; (iv) with 

respect to section 6(a)(8) of ISA, to block 

all property and interests in property 

that are in the United States, that come 

within the United States, or that are or 

come within the possession or control of 

any United States person, including any 

overseas branch, of a person sanctioned 

under ISA, and provide that such 

property and interests in property may 

not be transferred, paid, exported, 

withdrawn, or otherwise dealt in; and 

(v) with respect to section 6(a)(9) of ISA, 

to restrict or prohibit imports of goods, 

technology, or services, directly or 

indirectly, into the United States from a 

person sanctioned under ISA. 

The Secretary of State recently 

imposed ISA sanctions on three 

persons. See 77 FR 4389 (Jan. 27, 2012), 

which provides the names of the three 

persons subject to sanctions, as well as 

a complete list of the sanctions imposed 

on each person. Pursuant to Executive 

Order 13574, the Secretary of the 

Treasury is responsible for 

implementing certain of the sanctions 

imposed by the Secretary of State. 

Accordingly, the Director of OFAC, 

acting pursuant to delegated authority, 

has taken the actions described below to 

implement those sanctions set forth in 

Executive Order 13574 with respect to 

the three persons listed below. 

1. FAL OIL COMPANY LTD., Sultan 

Al Awal Street (Sheikh Sultan Bin Awal 

Road), Near Mina Sea Port, Near Mina 

Khalid Road, Al Khan Area, Sharjah, 

Sharjah, U.A.E., Telephone: 

97165029999; Telephone: 97165280861; 

Telephone: 97165286666; Telephone: 

97165283334; Telephone: 97165283323; 

Telephone: 97165022234; Telephone: 

97165029999; Telephone: 97165029804; 

Telephone: 97165029914; Telephone: 

97165029824; Telephone: 97165281737; 

Telephone: 97165029814; Telephone: 

97165029825; Telephone: 97165029840; 

Telephone: 97165029863; Telephone: 

97165029842; Telephone: 97165029819; 

Telephone: 97165029836; Telephone: 

97168029939; Fax: 97165281437; Fax: 

97165280861: 

The Director of OFAC has prohibited 

United States financial institutions from 

making loans or providing credits 

totaling more than $10,000,000 in any 

12-month period to FAL OIL 

COMPANY LTD. unless it is engaged in 

activities to relieve human suffering and 

the loans or credits are provided for 

such activities. 


sroberts on DSK5SPTVN1PROD with NOTICES
8958 Federal Register / Vol. 77, No. 31 / Wednesday, February 15, 2012 / Notices 

2. KUO OIL (S) PTE. LIMITED, 200 

Cantonment Road, #15–00, Southpoint, 

Singapore, 089763, Singapore, 

Telephone: 6563184677; Fax: 

6562243040: 

The Director of OFAC has prohibited 

United States financial institutions from 

making loans or providing credits 

totaling more than $10,000,000 in any 

12-month period to KUO OIL (S) PTE. 

LIMITED unless it is engaged in 

activities to relieve human suffering and 

the loans or credits are provided for 

such activities. 

3. ZHUHAI ZHENRONG COMPANY, 

Zhenrong Building, 121 DaTunli, 

Chaoyang District, Beijing, 100108, 

China, Telephone: 861052925900; Fax: 

861052025900: 

The Director of OFAC has prohibited 

United States financial institutions from 

making loans or providing credits 

totaling more than $10,000,000 in any 

12-month period to ZHUHAI 

ZHENRONG COMPANY unless it is 

engaged in activities to relieve human 

suffering and the loans or credits are 

provided for such activities. 

Dated: February 7, 2012. 

Adam J. Szubin, 

Director, Office of Foreign Assets Control. 

[FR Doc. 2012–3462 Filed 2–14–12; 8:45 am] 

BILLING CODE 4810–AL–P 


sroberts on DSK5SPTVN1PROD with NOTICES