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Notice2014-032332014-02-13

Bureau of Economic and Business Affairs; Removal of Sanctions on Person on Whom Sanctions Have Been Imposed Under the Iran Sanctions Act of 1996, as Amended

State Department

Abstract

The Secretary of State has determined that Associated Shipbroking (a.k.a. SAM) is no longer engaging in sanctionable activity described in section 5(a) of the Iran Sanctions Act of 1996 (Pub. L. 104-172) (50 U.S.C. 1701 note) ("ISA"), as amended, and that this person has provided reliable assurances that it will not knowingly engage in such activities in the future. Therefore, certain sanctions that were imposed on Associated Shipbroking on May 24, 2011 are hereby lifted.

Action & Dates

Action
Notice.
Dates
Effective Date: The sanctions on Associated Shipbroking are lifted effective February 7, 2014.
Effective Date
2014-02-07

Document Excerpt

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of State [Public Notice 8629] AGENCY: Department of State. ACTION: Notice. SUMMARY: The Secretary of State has determined that Associated Shipbroking (a.k.a. SAM) is no longer engaging in sanctionable activity described in section 5(a) of the Iran Sanctions Act of 1996 ( Pub. L. 104-172 ) ( 50 U.S.C. 1701 note ) (“ISA”), as amended, and that this person has provided reliable assurances that it will not knowingly engage in such activities in the future. Therefore, certain sanctions that were imposed on Associated Shipbroking on May 24, 2011 are hereby lifted. DATES: Effective Date: The sanctions on Associated Shipbroking are lifted effective February 7, 2014. FOR FURTHER INFORMATION CONTACT: On general issues: Office of Sanctions Policy and Implementation, Department of State, Telephone: (202) 647-7489. SUPPLEMENTARY INFORMATION: On May 24, 2011, the Secretary of State made a determination to impose certain sanctions on, inter alia, Associated Shipbroking (a.k.a. SAM) under the Iran Sanctions Act of 1996, as amended ( Pub. L. 104-172 ) ( 50 U.S.C. 1701 note ). See 76 FR 56866 (September 24, 2011). At that time, pursuant to section 5(a) of ISA and the authority delegated to the Secretary of State in the Presidential Memorandum of September 23, 2010, 75 FR 67025 (the “Delegation Memorandum”), the Secretary determined to impose on Associated Shipbroking and any person in which Associated Shipbroking has an interest of fifty percent or more the f

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Full Document

Citation: 79 FR 8781