[Federal Register Volume 73, Number 150 (Monday, August 4, 2008)]
[Notices]
[Pages 45270-45271]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-17745]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Additional Designations of Entities Pursuant to Executive Order 
13464

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 seven newly-designated entities 
whose property and interests in property are blocked pursuant to 
Executive Order 13464 of April 30, 2008, ``Blocking Property and 
Prohibiting Certain Transactions Related to Burma.''

DATES: The designation by the Director of OFAC of seven entities 
identified in this notice, pursuant to Executive Order 13464, is 
effective July 29, 2008.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance 
Outreach & Implementation, Office of Foreign Assets Control, Department 
of the Treasury, 1500 Pennsylvania Avenue, NW. (Treasury Annex), 
Washington, DC 20220, Tel.: 202/622-2490.

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

    Information about these designations and additional information 
concerning OFAC is available from OFAC's Web site (http://www.treas.gov/ofac) or via facsimile through a 24-hour fax-on-demand 
service, Tel.: 202/622-0077.

Background

    On April 30, 2008, the President signed Executive Order 13464 (the 
``Order'') pursuant to, inter alia, the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.). In the Order, the 
President took additional steps with respect to the national emergency 
declared in Executive Order 13047 of May 20, 1997, and expanded in 
Executive Order 13448 of October 18, 2007, to address the Government of

[[Page 45271]]

Burma's continued repression of the democratic opposition in Burma. The 
President identified three entities as subject to the economic 
sanctions in the Annex to the Order.
    Section 1 of the Order blocks, with certain exceptions, all 
property and interests in property that are in, or hereafter 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, after 
consultation with the Secretary of State, to satisfy any of the 
criteria set forth in subparagraphs (b)(i)-(b)(iii) of Section 1. On 
July 29, 2008, 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, subparagraphs (b)(i)-(b)(iii) of the 
Order, the following seven entities, whose names have been added to the 
list of Specially Designated Nationals and whose property and interests 
in property are blocked pursuant to Executive Order 13464:

Entities

    1. CO-OPERATIVE EXPORT-IMPORT ENTERPRISE (a.k.a. CEIE), 259/263 
Bogyoke Aung San Street, Yangon, Burma [BURMA]
    2. MYANMAR ECONOMIC CORPORATION (a.k.a. MEC), 74-76 Shwedagon 
Pagoda Road, Dagon Township, Yangon, Burma [BURMA]
    3. MYANMAR IMPERIAL JADE CO., LTD, 22 Sule Pagoda Road, Mayangone 
Township, Yangon, Burma [BURMA]
    4. MYANMAR RUBY ENTERPRISE CO. LTD. (a.k.a. MYANMAR RUBY 
ENTERPRISE), 24/26 Sule Pagoda Road, Kyauktada Township, Yangon, Burma 
[BURMA]
    5. MYAWADDY BANK LTD. (a.k.a. MYAWADDY BANK), 24/26 Sule Pagoda 
Road, Yangon, Burma [BURMA]
    6. MYAWADDY TRADING LTD. (a.k.a. MYAWADDY TRADING CO.), 189-191 
Maha Bandoola Street, Botataung P.O, Yangon, Burma [BURMA]
    7. UNION OF MYANMAR ECONOMIC HOLDINGS LIMITED (a.k.a. MYANMAR 
ECONOMIC HOLDINGS LIMITED; a.k.a. UMEH; a.k.a. UNION OF MYANMAR 
ECONOMIC HOLDINGS COMPANY LIMITED), 189-191 Maha Bandoola Road, 
Botahtaung Township, Yangon, Burma [BURMA]

    Dated: July 29, 2008.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. E8-17745 Filed 8-1-08; 8:45 am]
BILLING CODE 4811-42-P