Federal Register / Vol. 89, No. 204 / Tuesday, October 22, 2024 / Notices 84447 

Twelve CFR 9.18(b)(4)(iii)(L) (and 12 

CFR 150.260 by cross-reference) require 

that national banks and FSAs adopt, for 

STIFs, procedures for initiating 

liquidation of a STIF upon the 

suspension or limitation of withdrawals 

as a result of redemptions. 

Twelve CFR 9.18(b)(5)(iii)(A) (and 12 

CFR 150.260 by cross-reference) 

provides that a national bank or FSA 

administering a collective investment 

fund that is invested primarily in real 

estate or other assets that are not readily 

marketable may require a prior notice 

period, not to exceed one year, for 

withdrawals. 

Section 9.18(b)(5)(iii)(B) (and 12 CFR 

150.260 by cross-reference) provides 

that a national bank or FSA that requires 

a prior notice period for withdrawals 

must withdraw an account from the 

fund within the prior notice period or, 

if permissible under the fund’s written 

plan, within one year after the date on 

which notice was required. 

Section 9.18(b)(5)(iii)(C) (and 12 CFR 

150.260 by cross-reference) provides 

that a national bank or FSA may, with 

OCC approval, withdraw an account 

from a collective investment fund up to 

one year after the end of the standard 

withdrawal period in 12 CFR 

9.18(b)(5)(iii)(B) if certain conditions are 

satisfied. Among other conditions, the 

fund’s written plan, including its notice 

and withdrawal policy, must authorize 

an extended withdrawal period and be 

fully disclosed to fund participants. In 

addition, the bank’s or FSA’s board of 

directors, or a committee authorized by 

the board of directors, must determine 

that, due to unanticipated and severe 

market conditions for specific assets 

held by the fund, an extended 

withdrawal period is necessary in order 

to preserve the value of the fund’s assets 

for the benefit of fund participants. 

Twelve CFR 9.18(b)(5)(iii)(D) (and 12 

CFR 150.260 by cross-reference) 

provides that a national bank or FSA 

may request that the OCC approve an 

extension beyond the initial one-year 

extended withdrawal period in 12 CFR 

9.18(b)(5)(iii)(C) if certain conditions are 

satisfied. Extensions past the initial oneyear extension must be requested and 

approved annually for a maximum of 

two years after the initial one-year 

extension period. 

Twelve CFR 9.18(b)(6)(ii) (and 12 CFR 

150.260 by cross-reference) require, for 

CIFs, that national banks and FSAs, at 

least once during each 12-month period, 

prepare a financial report of the fund 

based on the audit required by section 

9.18(b)(6)(i). The report must disclose 

the fund’s fees and expenses in a 

manner consistent with applicable state 

law in the state which the institution 

maintains the fund and must contain: 

• A list of investments in the fund 

showing the cost and current market 

value of each investment; 

• A statement covering the period 

after the previous report showing the 

following (organized by type of 

investment): 

Æ A summary of purchases (with 

costs); 

Æ A summary of sales (with profit or 

loss and any investment change); 

Æ Income and disbursements; and 

Æ An appropriate notation of 

investments. 

Twelve CFR 9.18(b)(6)(iv) (and 12 

CFR 150.260 by cross-reference) require 

that a national bank or FSA managing a 

CIF provide a copy of the financial 

report, or provide notice that a copy of 

the report is available upon request 

without charge, to each person who 

ordinarily would receive a regular 

periodic accounting with respect to each 

participating account. The national bank 

or FSA may provide a copy to 

prospective customers. In addition, the 

institution must provide a copy of the 

report upon request to any person for a 

reasonable charge. 

Twelve CFR 9.18(c)(5) (and 12 CFR 

150.260 by cross-reference) require that, 

for special exemption CIFs, national 

banks and FSAs, respectively, must 

submit to the OCC a written plan that 

sets forth: 

• The reason the proposed fund 

requires a special exemption; 

• The provisions of the fund that are 

inconsistent with section 9.18(a) and 

(b); 

• The provisions of section 9.18(b) for 

which the institution seeks an 

exemption; and 

• The manner in which the proposed 

fund addresses the rights and interests 

of participating accounts. 

Estimated Burden: 

Estimated Frequency of Response: On 

occasion. 

Estimated Number of Respondents: 

282. 

Estimated Total Annual Burden: 

198,957 hours. 

Comments: On July 03, 2024, the OCC 

published a 60-day notice for this 

information collection, (89 FR 55308). 

No comments were received. 

Comments continue to be invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

OCC, including whether the information 

has practical utility; 

(b) The accuracy of the OCC’s 

estimate of the burden of the collection 

of information; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(d) Ways to minimize the burden of 

the collection on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and 

(e) Estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Patrick T. Tierney, 

Assistant Director, Office of the Comptroller 

of the Currency. 

[FR Doc. 2024–24407 Filed 10–21–24; 8:45 am] 

BILLING CODE 4810–33–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 U.S. 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 

(SDN 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: This action was issued on 

October 16, 2024. See Supplementary 

Information section for relevant dates. 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Associate Director for Global 

Targeting, tel.: 202–622–2420; Assistant 

Director for Sanctions Compliance, tel.: 

202–622–2490 or https://

ofac.treasury.gov/contact-ofac. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

The SDN List and additional 

information concerning OFAC sanctions 

programs are available on OFAC’s 

website: https://ofac.treasury.gov. 

Notice of OFAC Action 

On October 16, 2024, 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. 

BILLING CODE 4810–AL–P 


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84448 Federal Register / Vol. 89, No. 204 / Tuesday, October 22, 2024 / Notices 


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Individuals 

1. ATWI, Silvana (Arabic: c;~ UtiL.) (a.k.a. 'UTWI, Silvana Rida), Kaafat Atwi 

Building, Baabda, Lebanon; DOB 13 Jan 1995; POB Markaba, Marjayoun, 

Nabatieh, Lebanon; nationality Lebanon; Additional Sanctions Information -

Subject to Secondary Sanctions Pursuant to the Hizballah Financial Sanctions 

Regulations; Gender Female; Secondary sanctions risk: section l(b) of Executive 

Order 13224, as amended by Executive Order 13886; National ID No. 

000020552228 (Lebanon) (individual) [SDGT] (Linked To: HIZBALLAH). 

Designated pursuant to section l(a)(iii)(C) of Executive Order 13224 of 

September 23, 2001, "Blocking Property and Prohibiting Transactions With 

Persons Who Commit, Threaten to Commit, or Support Terrorism," 66 FR 49079, 

as amended by Executive Order 13886 of September 9, 2019, "Modernizing 

Sanctions To Combat Terrorism," 84 FR 48041 (E.O. 13224, as amended), for 

having materially assisted, sponsored, or provided financial, material, or 

technological support for, or goods or services to or in support of, HIZBALLAH, 

a person whose property and interests in property are blocked pursuant to E.O. 

13224. 

2. GHAFFAR, Haidar Houssam Al-Din Abdul 

(Arabic: .)ii.[!]¥ 0.1::.[!]f't.....:.. .J*) (a.k.a. 'ABD-AL-GHAFFAR, Haydar Husam-alDin; a.k.a. ABDELGHAFF AR, Haidar H.; a.k.a. GHAFF AR, Haidar Houssem 

Elddine Abdul), Baabda, Lebanon; DOB 25 Apr 1991; POB Damascus, Syria; 

nationality Lebanon; Additional Sanctions Information - Subject to Secondary 

Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; Gender 

Male; Secondary sanctions risk: section 1 (b) of Executive Order 13224, as 

amended by Executive Order 13886; Passport LR2661263 (Lebanon); alt. 

Passport LR0747845 (Lebanon); National ID No. 000027844263 (Lebanon) 

(individual) [SDGT] (Linked To: HIZBALLAH). 

Designated pursuant to section l(a)(iii)(C) ofE.O. 13224, as amended, for having 

materially assisted, sponsored, or provided financial, material, or technological 

support for, or goods or service to or in support of, HIZBALLAH, a person whose 

property and interests in property are blocked pursuant to E.O. 13224. 

3. HAMAD!, Houssam Hasan (Arabic: c;::.b ~ r-1......:..), Beirut, Lebanon; DOB 24 

Aug 1986; nationality Lebanon; Additional Sanctions Information - Subject to 

Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; 

Gender Male; Secondary sanctions risk: section l(b) of Executive Order 13224, as 

amended by Executive Order 13886; Passport LR2070754 (Lebanon); National 

ID No. 000020043068 (Lebanon) (individual) [SDGT] (Linked To: 

HIZBALLAH). 
Federal Register / Vol. 89, No. 204 / Tuesday, October 22, 2024 / Notices 84449 


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Designated pursuant to section l(a)(iii)(C) ofE.O. 13224, as amended, for having 

materially assisted, sponsored, or provided financial, material, or technological 

support for, or goods or service to or in support of, HIZDALLAH, a person whose 

property and interests in property are blocked pursuant to E.O. 13224. 

4. HAMIDEH, Abdellatif (Arabic: o~ ~[!]~) (a.k.a. HAMID, Abdul Latif), 

Syria; DOD 12 Jan 1977; POD Aleppo, Syria; nationality Syria; Gender Male; 

National ID No. 02020194015 (Syria) (individual) [SYRIA]. 

Designated pursuant to section l(b)(i) ofE.O. 13582 of August 17, 2011, 

"Blocking Property of the Government of Syria and Prohibiting Certain 

Transactions With Respect to Syria," 76 FR 52209 (E.O. 13582), for having 

materially assisted, sponsored, or provided financial, material, or technological 

support for, or goods or services in support of, the GOVERNMENT OF SYRIA. 

5. FALHOUT, Raji, Syria; DOB 03 Oct 1985; POB Atil, Syria; nationality Syria; 

Gender Male (individual) [SYRIA] (Linked To: SYRIAN MILITARY 

INTELLIGENCE DIRECTORATE). 

Designated pursuant to Section l(b)(iii) ofE.O. 13572 of April 29, 2011, 

"Blocking Property of Certain Persons with Respect to Human Rights Abuses in 

Syria," 76 FR 24787 (E.O. 13572), for having materially assisted, sponsored, or 

provided financial, material, or technological support for, or goods or services in 

support of, SYRIAN MILITARY INTELLIGENCE DIRECTORATE, a person 

whose property and interests in property are blocked pursuant to E.O. 13572. 

6. HAMIEH, Khaldoun, Syria; DOD 25 Dec 1973; nationality Lebanon; Gender 

Male; Passport LR1939852 (Lebanon) (individual) [SYRIA] [SYRIA-CAESAR]. 

Designated pursuant to section l(b)(i) ofE.O. 13582 for having materially 

assisted, sponsored, or provided financial, material, or technological support for, 

or goods or services in support of, the GOVERNMENT OF SYRIA. Also 

designated pursuant to Section 7412(a)(2)(A)(i) of the Caesar Syria Civilian 

Protection Act of 2019, Public Law 116-92, § 7401 et seq. (Dec. 20, 2019) (the 

Caesar Act), for being a foreign person that knowingly provides significant 

financial, material, or technological support to, or knowingly engages in a 

significant transaction with, the GOVERNMENT OP SYRIA (including any 

entity owned or controlled by the GOVERNMENT OF SYRIA). 

Entities 

1. GLOBAL TRADELINE SARL, Al Mahmul Street, Al Hadath, Lebanon; 

Additional Sanctions Information - Subject to Secondary Sanctions Pursuant to 

the Hizballah Financial Sanctions Regulations; Secondary sanctions risk: section 

l(b) of Executive Order 13224, as amended by Executive Order 13886; 

Organization Established Date 08 Nov 2019; Organization Type: Non-specialized 

wholesale trade; Commercial Registry Number 2058236 (Lebanon) [SDGT] 

(Linked To: HIZBALLAH). 

Designated pursuant to section l(a)(iii)(C) of Executive Order 13224 E.O. 13224, 

as amended, for having materially assisted, sponsored, or provided financial, 
84450 Federal Register / Vol. 89, No. 204 / Tuesday, October 22, 2024 / Notices 

Lisa M. Palluconi, 

Acting Director, Office of Foreign Assets 

Control. 

[FR Doc. 2024–24389 Filed 10–21–24; 8:45 am] 

BILLING CODE 4810–AL–C 


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material, or technological support for, or goods or services to or in support of, 

HIZBALLAH, a person whose property and interests in property are blocked 

pursuant to E.O. 13224. 

2. GM FARM (a.k.a. G.M. FARM SARL; a.k.a. JM PHARM), Al Ghubayri, Beirut, 

Lebanon; Website gmfarmco.com; Additional Sanctions Information - Subject to 

Secondary Sanctions Pursuant to the Hizballah Financial Sanctions Regulations; 

Secondary sanctions risk: section l(b) of Executive Order 13224, as amended by 

Executive Order 13886; Organization Established Date 26 Mar 2016; 

Organization Type: Non-specialized wholesale trade [SDGT] (Linked To: ATWI, 

Silvana). 

Designated pursuant to section l(a)(iii)(A) ofE.O. 13224, as amended, for being 

owned, controlled, or directed by, directly or indirectly, SILVANA ATWI, a 

person whose property and interests in property are blocked pursuant to E.O. 

13224, as amended. 

3. LIBAN OUI SARL, 1 Ouzai St, Beirut, Lebanon; Additional Sanctions 

Information - Subject to Secondary Sanctions Pursuant to the Hizballah Financial 

Sanctions Regulations; Secondary sanctions risk: section 1 (b) of Executive Order 

13224, as amended by Executive Order 13886 [SDGT] (Linked To: GHAFFAR, 

Haidar Houssam Al-Din Abdul). 

Designated pursuant to section l(a)(iii)(A) ofE.O. 13224, as amended, for being 

owned, controlled, or directed by, directly or indirectly, HAIDAR HOUSSAM 

AL-DIN ABDUL GRAFF AR, a person whose property and interests in property 

are blocked pursuant to E.O. 13224, as amended. 

4. UNITED SONS (Arabic: 0__,~[J~LlC'JI), Lebanon; Additional Sanctions 

Information - Subject to Secondary Sanctions Pursuant to the Hizballah Financial 

Sanctions Regulations; Secondary sanctions risk: section I (b) of Executive Order 

13224, as amended by Executive Order 13886; Commercial Registry Number 

3312742 (Lebanon) issued 27 Jan 2024 [SDGT] (Linked To: HAMAD!, Houssam 

Hasan). 

Designated pursuant to section l(a)(iii)(A) ofE.O. 13224, as amended, for being 

owned, controlled, or directed by, directly or indirectly, HOUSSAM HASAN 

HAMAD I, a person whose property and interests in property are blocked pursuant 

to E.O. 13224, as amended.