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95-97 NASD Reminds Members About Treasury's Foreign Assets Control Regulations

SUGGESTED ROUTING

Senior Management
Internal Audit
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Executive Summary

The Department of Treasury (Treasury) asked the NASD® to remind its members about regulations issued by the Office of Foreign Assets Control (OFAC). These regulations require broker/dealers to block1 accounts and other assets of countries identified as threats to national security by the President of the United States and prohibit broker/dealers from engaging in unlicensed trade and financial transactions with such countries. OFAC is authorized to impose significant monetary fines for violations of these regulations.

Background

The U.S. government mandates that all financial institutions located in the United States, overseas branches of these institutions and, in certain instances, overseas subsidiaries of the institutions comply with OFAC regulations governing economic sanctions and embargo programs regarding the accounts and other assets of countries identified as threats to national security by the President of the United States. This always involves accounts and assets of the sanctioned countries' governments, and it may also involve the accounts and assets of individual nationals of the sanctioned countries. Also, these regulations prohibit unlicensed trade and financial transactions with such countries.

Under these regulations, financial institutions must block identified assets and accounts when such property is located in the United States, is held by U.S. individuals or entities, or comes into the possession or control of U.S. individuals or entities. The definition of assets and property is very broad and covers direct, indirect, present, future, and contingent interests. In addition, Treasury identifies certain individuals and entities located worldwide that are acting on behalf of sanctioned governments, and these must be treated as if they are part of the sanctioned governments.

OFAC may impose criminal or civil penalties for violations of these regulations. Criminal violations may result in corporate fines of up to $ 1 million and personal fines of up to S250,000 and 12 years in jail; civil penalties of up to $250,000 per violation also may be imposed. To ensure compliance, OFAC enlists the cooperation of various regulatory organizations and recently asked the NASD to remind its members about these regulations.

Foreign Assets Control Regulations

OFAC currently administers sanctions and embargo programs against Libya, Iran, Iraq, the Federal Republic of Yugoslavia (Serbia and Montenegro), Serb-controlled areas of Bosnia and Herzegovina and Bosnian Serb military and civilian leaders, North Korea, and Cuba. In addition, it prohibits certain exports to the UNITA faction in Angola and prohibits transactions with terrorists threatening to disrupt the Middle East peace process.

Broker/dealers cannot deal in securities issued from these target countries and governments and must block or freeze accounts, assets, and obligations of blocked entities and individuals when this property is in their possession or control.

Responsibilities Of Broker/Dealers

According to OFAC, broker/dealers need to establish internal compliance programs to monitor these regulations. OFAC urges broker/dealers to review their existing customer accounts and the securities in their custody to ensure that any accounts or securities blocked by existing sanctions are being treated properly. Broker/dealers also should review any other securities that may represent obligations of, or ownership interests in, entities owned or controlled by blocked commercial or government entities identified by OFAC.

Blocked Accounts And Securities

Broker/dealers must report blockings within 10 days by fax to OFAC Compliance Division at (202) 622–1657. Firms are prohibited from making debits to blocked customer accounts, although credits are authorized. Blocked securities may not be paid, withdrawn, transferred (even by book transfer), endorsed, guaranteed, or otherwise dealt in.

General Licenses

OFAC has issued general licenses authorizing continued trading on the national securities exchanges on behalf of blocked Cuban and North Korean customer accounts under conditions preserving the blocking of resulting assets and proceeds. Secondary market trading with respect to certain Yugoslav debt securities issued pursuant to the "New Financing Agreement" of September 20, 1988, also are authorized; however, certain restrictions and reporting requirements apply.

List Of Sanctioned Governments And Individuals

Whenever there is an update to its regulations, an addition or removal of a specifically designated national, or any other pertinent announcement, OFAC makes the information available electronically on the U.S. Council on International Banking's INTERCOM Bulletin Board in New York and the International Banking Operations Association's Bulletin Board in Miami. The information also is immediately uploaded onto Treasury's Electronic Library (TEL) on the FedWorld Bulletin Board network. In addition, the information is available through several other government services provided free of charge to the general public.

NASD members are urged to review their procedures to ensure compliance with OFAC regulations. Attached for your review is a copy of an OFAC bulletin, "Foreign Assets Control Regulations for the Securities Industry." In addition to providing practical guidelines, it contains a complete list of electronic services for OFAC announcements.

The NASD urges its members to review the attached list of 80 blocked persons who have been designated by the President of the United States for their significant role in international narcotics trafficking centered in Columbia, or have been determined by the Secretary of the Treasury, in consultation with the Attorney General and the Secretary of State, to have materially assisted in or provided financial or technological support for, or goods or services in support of, the narcotics trafficking activities of other blocked persons on the list, or to be owned or controlled by, or to act for or on behalf of, other blocked persons on the list.

Questions concerning this Notice may be directed to OFAC at (202) 622–2490.


1 Blocking, which also may be called freezing, is a form of controlling assets under U.S. jurisdiction. While title to blocked property remains with the designated country or national, the exercise of the powers and privileges normally associated with ownership is prohibited without authorization from OFAC. Blocking immediately imposes an across-the-board prohibition against transfers or transactions of any kind with respect to the property.

FOREIGN ASSETS CONTROL REGULATIONS FOR THE SECURITIES INDUSTRY

Recently, a U.S. bank blocked a funds transfer en route to a U.S. securities account held in the name of an attorney residing in Geneva. Two broker/dealers and two clearing firms had been taking orders and operating securities accounts for him for quite some time and had understood that both he and his family enjoyed excellent reputations. What was the problem? The attorney had been identified as an agent of the Iraqi government and U.S. law required that his assets be blocked beginning in November of 1994. For the U.S. securities firms involved, each transaction handled for the attorney after his designation as a "Specially Designated National of Iraq " could mean civil penalties of up to $250,000!

Another U.S. bank was caught by surprise when a 6 figure transfer it was expecting never arrived The funds were interdicted by an alert correspondent bank because the payment instructions referenced "Yugoslavian Loans. " The U.S. bank was on the verge of closing a deal to sell Serbian debt instruments on the secondary market. Another big mistake the U.S. bank was hit with stiff fines.

You might receive instructions from a long-time customer to wire sales proceeds to an account at the Arab Bank for Investment and Foreign Trade (ARBIFT) in the U.A.E. or to an account at Banque Intercontinental* Arabe (BIA) in Paris, France. All in a day's work, right? Wrong. These funds will most likely be blocked because both ARBIFT and BIA have been found to be acting on behalf of Libya. Your firm may be fined up to $10,000 for initiating the transfer, even though your own bank blacked it You'll also have to break the news to your client that his funds may be in limbo indefinitely.

You might also unwittingly open a margin account for a customer who happens to be a Cuban national, in which case the U.S. Government may be the least of your problems! Your firm could be on the hook for any purchases made on margin for this client before you realize that all of his U.S. assets are frozen.

These examples illustrate how costly it can be to ran afoul of U.S. laws enforced by the U.S. Treasury Department's Office of Foreign Assets Control (OF AC). OF AC administers sanctions and embargo programs against Libya, Iran, Iraq, the Federal Republic of Yugoslavia (Serbia and Montenegro), Serb-controlled areas of Bosnia and Herzegovina and Bosnian Serb military and civilian leaders, North Korea, and Cuba, and administers prohibitions against exports of arms and petroleum products to the UNITA faction in Angola, and prohibitions against transactions with terrorists threatening to disrupt the Middle East peace process. Securities firms are prohibited from dealing in securities issued from target countries and governments and must "block" or "freeze" accounts, assets, and obligations of an extensive number of blocked entities and individuals located in cities all over the globe.

Criminal violations of the statutes administered by OFAC can result in corporate fines of up to $1 million and personal fines of up to $250,000 and 12 years in jail. OFAC also has independent authority to impose civil penalties of up to $250,000 per count. To assure that illicit transactions are not processed, much of the banking industry has installed sophisticated and highly effective "interdict" software to block questionable funds transfers and other transactions automatically. Some of the filters contain every name on OFAC's master list of "Specially Designated Nationals and Blocked Persons" (SDN list) along with geographical names for embargoed countries and cities. Because of the current level of electronic compliance programs in the financial community, it is more likely now than ever that violations by the securities industry will come to the attention of OFAC. It is critical that securities firms establish internal compliance programs to avert violations and costly enforcement actions.

OFAC Customer Assessment Checklist

It is recommended that you start by taking a look at your existing customer accounts to determine whether you are properly treating those that are blocked by existing sanctions, including:

  • personal and commercial accounts held in the name of individuals or organizations appearing on OFAC's SDN list;

  • personal accounts with Cuban or North Korean addresses;

  • personal accounts held in the name of nationals of Cuba or North Korea, regardless of address (except nationals unblocked by OFAC license);

  • commercial accounts with addresses in Cuba, North Korea, Libya, Iraq, Serbia, Montenegro, and cities and towns in areas of Bosnia and Herzegovina controlled by Bosnian Serb forces;

  • accounts held in the name of the government of Cuba, North Korea, Libya, Iraq, or the Federal Republic of Yugoslavia (Serbia and Montenegro); and

  • accounts owned by individuals acting for or on behalf of any of the account parties listed above or accounts owned by entities which are owned or controlled by any of the account parties listed above.

Although no blocking provisions apply with regard to Iranian accounts, firms may no longer act on buy or sell orders originating from the Government of Iran, or individuals or entities located in Iran. At the request of the account holder, a firm may close out an Iranian account and effect a one-time lump sum transfer of all remaining account funds and other assets to the account holder.

OFAC Securities Assessment Checklist

Next, you should review the securities in your custody to determine whether you are properly treating any that are blocked, including:

  • securities registered or inscribed in the name of a Cuban or North Korean national (regardless of whether the registered or inscribed owner appears to have assigned, transferred or otherwise disposed of the security);

  • sovereign debt securities representing obligations of the governments of Cuba, North Korea, Libya, Iraq, the Federal Republic of Yugoslavia (Serbia and Montenegro), or the former Socialist Federal Republic of Yugoslavia (except as licensed by OFAC for trading);

  • debt or equity securities representing obligations of, or ownership interests in, companies appearing on OFAC's SDN list;

  • debt or equity securities representing obligations of, or ownership interests in, companies located in Cuba, North Korea, Libya, Iraq, the Federal Republic of Yugoslavia (Serbia and Montenegro), or areas of Bosnia and Herzegovina controlled by Bosnian Serb forces; or

  • bankers acceptances that indicate on their face that they relate to trade transactions involving North Korea, Cuba, Libya, Iran (post June 5, 1995 shipments), Iraq, the Federal Republic of Yugoslavia (Serbia & Montenegro), areas of Bosnia and Herzegovina controlled by Bosnian Serb forces, or the U.N. Protected Areas in Croatia, or exports of arms, petroleum, and petroleum products to the territory of Angola (other than through certain designated ports).

You should also scrutinize any other securities which you have reason to believe represent obligations of, or ownership interests in, entities owned or controlled by blocked commercial or governmental entities referenced above.

OFAC Banking Checklist

Before they are relayed to your bank, outgoing wire transfer instructions should be reviewed to insure that:

  • neither intermediary banks nor banks of beneficiaries appear on OFAC's SDN list;

  • the funds are not destined for Cuba, North Korea, Libya, Iraq, the Federal Republic of Yugoslavia (Serbia and Montenegro) or areas of Bosnia and Herzegovina controlled by Bosnian Serb forces; and

  • the beneficiary is not otherwise blocked (to determine whether a beneficiary is blocked, apply the same criteria as those found in the OFAC Customer Assessment Checklist).

Blocked Accounts and Securities

Blockings must be reported within 10 days by fax to OFAC Compliance Division at 202/622–1657. Debits to blocked customer accounts are prohibited, although credits are authorized. Cash balances in customer accounts must earn interest at commercially reasonable rates. Blocked securities may not be paid, withdrawn, transferred (even by book transfer), endorsed, guaranteed, or otherwise dealt in.

General Licenses

General licenses have been issued authorizing continued trading on the national securities exchanges on behalf of blocked Cuban and North Korean customer accounts under conditions preserving the blocking of resulting assets and proceeds. Secondary market trading with respect to certain Yugoslav debt securities issued pursuant to the "New Financing Agreement" of September 20, 1988 (the "NFA") has also been authorized by General License. Certain restrictions and reporting requirements apply – contact OFAC if further information is needed with respect to trading under a general license.

Ongoing OFAC Compliance

The information on the OFAC assessment checklists will assist you when you evaluate new clients and unfamiliar investment securities. In addition, it may be helpful to designate a "Compliance Officer" responsible for monitoring compliance with OFAC programs and overseeing blocked accounts and securities. Internal auditing departments can assist in the development of "corporate compliance memoranda" and verification that procedures, once established, are being followed. An effective internal communication network is critical for regulatory compliance. Firms might consider including regulatory notices and explanations in staff newsletters. Compliance training programs will help prevent violations. Other useful measures would include reviewing regulations in staff meetings, incorporating compliance requirements into operating procedures, and joining with other firms to sponsor compliance seminars.

The economic sanctions programs of the U.S. Government are powerful foreign policy tools. Their success requires the active participation and support of every U.S. citizen. Protect your firm from losses and civil penalty exposure — don't open your doors to OFAC targets; stay abreast of U.S. sanctions law. When in doubt about a specific account or transaction, or in need of additional information, contact OFAC's Compliance Hotline for financial institutions at 1–800–540-OFAC (6322).

Additional Information

Whenever there is an update to any OFAC regulation, an addition or removal of an SDN, or any other announcement from OFAC, the information is quickly made available electronically via many different sources.

  • The Federal Bulletin Board of the U. S. Government Printing Office, which is linked to the Federal Register and Code of Federal Regulations, carries all OFAC brochures in ASCII, WordPerfect, and Adobe/Acrobat "*.PDF" format, as well as the entire Code of Federal Regulations containing OFAC regulations, all Federal Register notices that OFAC puts out, and all of OFAC's current press releases. For information on the Federal Bulletin Board call 202/512–1530 or dial 202/512–1387 to connect [Telnet access via Internet = federal.bbs.gpo.gov 3001].

  • Information is also immediately uploaded onto the U.S. Treasury Department's free Electronic Library (TEL) on the FedWorld bulletin board network. FedWorld, a service of the National Technical Information Service, can be reached by dialing 703/321–3339 [or over Internet using one of the following protocols: Telnet Access Via Internet = fedworld.gov (192.239.93.3); FTP Site Access Via Internet = ftp.fedworld.gov (192.239.92.205); World Wide Web (Home Page) = http://www.fed-world.gov]. Its help desk number is 703/487–4608 and business office is 703/487–4648. Once access to FedWorldhas been gained, option "[C]," the Business, Trade, and Labor Mall, should be chosen. Then, "[E]" should be chosen for TEL. OFAC's files are all prefixed with the call letters "Til" Files are available for downloading in camera-ready Adobe/Acrobat "*.PDF" format (for Mac or Windows 3.1) as well as in a self-extracting ASCII "*.EXE" format.

  • Simultaneous uploads are made to the U.S. Department of Commerce Economic Bulletin Board. For information on the Commerce EBB, call 202/482–1986 or dial into 202/482–3870 with a 2400 bps modem or 202/482–2584 with a 9600 baud modem [Telnet access via Internet = ebb.stat-usa.gov]. OFAC material can be found in file area#17. Commerce also operates a monthly CD-Rom service (the National Trade Data Bank) with OFAC data in ASCII format (call 202/482–1986 for information), a fee-based fax-on-demand service, called STAT-USA/FAX (call 202/482–0005 from a fax machine's handset), and a World Wide Web server, called STAT-USA/Internet, with access at "//www.stat-use.gov" and voice support at 202/482–1986. OFAC's program brochures and SDN information is available in downloadable Adobe/Acrobat "*.PDF" format on the Commerce server.

  • Information is disseminated to banks on the U.S. Council on International Banking's INTERCOM Bulletin Board in New York and the IBOA Bulletin Board (International Banking Operations Association) in Miami. The Office of the Comptroller of the Currency operates a special 24 hour a day "fax-on-demand" service for National banks and examiners. The computer-based system, called OCC Information Line, provides documents from any touchtone phone by calling 202/479–0141 and following voice prompts. OCC's Communications Division may be reached at 202/874–4960. (Note that OFAC's SDN list on the OCC system is split into two separate documents [A-K] and [L-Z]). Major announcements are also distributed to U.S. financial institutions through Fedwire bulletins and CHIPS system broadcasts, as well as, from time to time, in printed format through the various Federal bank supervisory agencies.

  • The U.S. Maritime Administration operates a free electronic bulletin board, called Marlinspike, which can be accessed via modem at 202/366–8505 with voice help at 202/366–9991 (OFAC's brochures and SDN information can be scanned on-line or downloaded for further use).

  • The U.S. Customs Service maintains a free Customs Electronic Bulletin Board geared especially toward Customs House Brokers (OFAC's information is available as a date-specific self-extracting DOS file through modem access at 703/440–6155 and voice support at 703/440–6236).

DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

List of Specially Designated Narcotics Traffickers

AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Notice of blocking.

SUMMARY: The Treasury Department is issuing a list of 80 blocked persons who have been designated by the President for their significant role in international narcotics trafficking centered in Colombia, or have been determined by the Secretary of the Treasury, in consultation with the Attorney General and the Secretary of State, either to have materially assisted in or provided financial or technological support for, or goods or services in support of, the narcotics trafficking activities of other blocked persons on the list, or to be owned or controlled by, or to act for or on behalf of, other blocked persons on the list.

EFFECTIVE DATE: October 23, 1995.

FOR FURTHER INFORMATION CONTACT: Office of Foreign Assets Control, Department of the Treasury, 1500 Pennsylvania Ave. NW., Washington, DC 20220; Tel.: (202) 622–2420.

SUPPLEMENTARY INFORMATION:

Electronic Availability

This document is available as an electronic file on The Federal Bulletin Board the day of publication in the Federal Register. By modem, dial 202/ 512–1387 and type "/GO FAC," or call 202/512–1530 for disks or paper copies. This file is available for downloading in WordPerfect, ASCII, and Adobe Acrobat™ readable (*.PDF) formats. The document is also accessible for downloading in ASCII format without charge from Treasury's Electronic Library ("TEL") in the "Business, Trade and Labor Mall" of the FedWorld bulletin board. By modem dial 703/321–3339, and select self-expanding file "TllFR00.EXE" in TEL. For Internet access, use one of the following protocols: Telnet = fedworld.gov (192.239.93.3); World Wide Web (Home Page) = http://www.fedworld.gov; FTP = ftp.fedworld.gov (192.239.92.205).

Background

On October 21, 1995, President Clinton signed Executive Order 12978, "Blocking Assets and Prohibiting Transactions with Significant Narcotics Traffickers" (the "Order").

The Order blocks all property subject to U.S. jurisdiction in which there is any interest of four principal figures in the Cali drug cartel who are listed in the annex to the Order. In addition, the Order blocks the property and interests in property of foreign persons determined by the Secretary of the Treasury, in consultation with the Attorney General and the Secretary of State, (a) to play a significant role in international narcotics trafficking centered in Colombia, or (b) to materially assist in or provide financial or technological support for, or goods or services in support of, persons designated in or pursuant to the Order. In addition, the Order blocks all property and interests in property subject to U.S. jurisdiction of persons determined by the Secretary of the Treasury, in consultation with the Attorney General and the Secretary of State, to be owned or controlled by, or to act for or on behalf of, persons designated in or pursuant to the Order (collectively "Specially Designated Narcotics Traffickers" or "SDNTs").

The Order further prohibits any transaction or dealing by a United States person or within the United States in property or interests in property of SDNTs, and any transaction that evades or avoids, has the purpose of evading or avoiding, or attempts to violate, the prohibitions contained in the Order.

Designations of foreign persons blocked pursuant to the Order are effective upon the date of determination by the Director of the Office of Foreign Assets Control, acting under authority delegated by the Secretary of the Treasury. Public notice of blocking is effective upon the date of filing with the Federal Register, or upon prior actual notice.

Specially Designated Narcotics Traffickers

PRINCIPAL INDIVIDUALS:

HERRERA BUITRAGO, HELMER (A.K.A. "PACHO"; A.K.A. "H7"), DOB: 24 August 1951; alt. DOB: 5 July 1951; Passport: J287011 (Colombia); Cedula No. 16247821 (Colombia); Cali, Colombia.

RODRIGUEZ OREJUELA, GILBERTO, (A.K.A. "THE CHESS PLAYER"; A.K.A. "LUCAS"), DOB: 31 January 1939; Passports: T321642 (Colombia), 77588 (Argentina), 10545599 (Venezuela); Cedula No. 6068015 (Colombia); Cali, Colombia.

RODRIGUEZ OREJUELA, MIGUEL ANGEL, (A.K.A. "EL SENOR"; A.K.A. "PATRICIA"; A.K.A. "PATRICIO"; A.K.A. "PATTY"; A.K.A. "PAT"; A.K.A. "MANUEL"; A.K.A. "MANOLO"; A.K.A. "MIKE"; A.K.A. "MAURO"; A.K.A. "DOCTOR M.R.O."), DOB: 23 November 1943; alt. DOB: 15 August 1943; Cedula No. 6095803 (Colombia); Casa No. 19, Avenida Lago, Ciudad Jardin, Cali, Colombia.

SANTACRUZ LONDONO, JOSE, (A.K.A. "CHEPE"; A.K.A. "DON CHEPE"; A.K.A. "EL GORDO CHEPE"; A.K.A. "07"), DOB: 1 October 1943; Passport: AB149814 (Colombia); Cedula No. 14432230 (Colombia); Cali, Colombia.

ENTITIES:

AUREAL INMOBILIARIA LTDA., Avenida 7 No. 112–38 of. 104, Bogota, Colombia.

CARS & CARS LTDA., (A.K.A. COMERCIALIZADORA INTEGRAL LTDA.; A.K.A. PROYECTO CARS & CARS; A.K.A. CENTRO COMERCIAL DEL AUTOMOVIL), Avenida Roosevelt entre carreras 38 y 38A esquinas, Cali, Colombia.

DISTRIBUIDORA DE DROGAS CONDOR LTDA., (A.K.A. CONDOR), Calle 10 No. 32A-64, Bogota, Colombia; Calle 68 52–05, Bogota, Colombia.

DISTRIBUIDORA DE DROGAS LA REBAJA S.A., (A.K.A. DROGAS LA REBAJA; A.K.A. DISTRIBUIDORA DE DROGAS LA REBAJA PRINCIPAL S.A.), Calle 10 No. 4–47 Piso 19, Cali, Colombia; Calle 18 121–130, Cali, Colombia; Calle 14 6–66, Cali, Colombia; Carrera 7 13–132 piso 4, Cali, Colombia; Carrera 7A 14–25 piso 2, Cali, Colombia; Carrera 10 11–71, Cali, Colombia; Carrera 99 No. 46 A-10 Bdg 6 y 8, Bogota, Colombia.

DISTRIBUIDORA MIGIL LTDA., (A.K.A. MIGIL; A.K.A. DISTRIBUIDORA MIGIL CALI S.A.; F.K.A. DISTRIBUIDORA MIGIL BOGOTA LTDA.), Calle 5C 41–30, Cali, Colombia; Carrera 26 5B-65, Cali, Colombia; Carrera 30–5-12, Cali, Colombia.

DROGAS LA REBAJA BARRANQUILLA S.A., Avenida Pedro Heredia, Barranquilla, Colombia; Local Cerete, Barranquilla, Colombia; Local de Riohacha, Barranquilla, Colombia.

DROGAS LA REBAJA BUCARAMANGA S.A., Local No. 1, Bucaramanga, Colombia; Local No. 1, Cucuta, Colombia; Local No. 2, Cucuta, Colombia; Local No. 6, Cucuta, Colombia; Local No. 7, Cucuta, Colombia; Local No. 9, Cucuta, Colombia; Local 201, Valledupar, Colombia.

DROGAS LA REBAJA CAU S.A., Barrio Siloe, Cali, Colombia; Calle 13 #6–85, Cali, Colombia; Calle 3 #4–02 B/Ventura, Cali, Colombia; Local Comuneros No. 20. Cali, Colombia; Local del Poblado No. 17, Cali, Colombia; Santander de Quilichao, Cali, Colombia.

DROGAS LA REBAJA NEIVA S.A., Neiva, Colombia.

DROGAS LA REBAJA PASTO S.A., Calle 18 #26–40, Pasto, Colombia; Local No. 6, Pasto, Colombia; Local No. 13, Puerto Asis, Colombia.

DROGAS LA REBAJA PEREIRA S.A., Local Cajamarca, Pereira, Colombia; Local Dos Quebradas, Pereira, Colombia; Local Santa Rosa de Cabal, Pereira, Colombia; Local la Virginia, Pereira, Colombia.

QANADERA LTDA., (A.K.A. QANADERIA), Carrera 4 12–41 piso 15, Edificio Seguros Bolivar, Cali, Colombia.

QRUPO SANTA LTDA., Calle 18 106–98 of. 201/ 202, Cali, Colombia; Carrera 4 12–41 piso 14 y 15, Edificio Seguros Bolivar, Cali, Colombia; Carrera 84 17–29, Cali, Colombia.

HACIENDA LA NOVILLERA, (A.K.A. NOVILLERA; A.K.A. NOVILLERA QANADERA), Carrera 4 12–41 piso 15, Edificio Seguros Bolivar, Cali, Colombia; Paso de la Bolsa, Jamundi, Valle del Cauca, Colombia.

HACIENDA SANDRANA, (A.K.A. SANDRANA; A.K.A. SANDRANA GANADERA), Carrera 4 12–41 piso 15, Edificio Seguros Bolivar, Cali, Colombia; San Pedro, Valle del Cauca, Colombia.

INMOBILIARIA AURORA LTDA., Avenida Canasgordas con Avenida Guali Casa 35, Cali, Colombia; Carrera 4 12–41 piso 15, Edificio Seguros Bolivar, Cali, Colombia; Carrera 24F Oeste 3–70, Cali, Colombia; Carrera 38A No. 5E-31, Edificio Conquistadores, Cali, Colombia.

INMOBILIARIA SAMARIA LTDA., Calle 13 3–32 piso 13, Cali, Colombia; Calle 13A 64–50 F201, Cali, Colombia; Calle 18, No. 106–98 of. 201/202, Cali, Colombia; Carrera 4 12–41 piso 15, Edificio Seguros Bolivar, Cali, Colombia.

INTERCREDITOS S.A., (A.K.A. INTERCREDITOS BOGOTA), Bogota, Colombia; (A.K.A. INTERCREDITOS CALI), Avenida Roosevelt No. 38–32, piso 2, Cali, Colombia.

INVERSIONES ARA LTDA., Avenida 4N 6N-67 of. 601, Cali, Colombia; Avenida 6AN 18–69 1–128, Cali, Colombia; Avenida 6AN 23DN-16 of. 402, Cali, Colombia; Club El Remanso, Jamundi, Colombia.

INVERSIONS EL PASO LTDA., (F.K.A. INVERSIONS MEGOAGRICOLA S.A.), Carrera 4 No. 12–41 of. 1403, Cali, Colombia.

INVERSIONES INTEGRAL Y CIA., Calle 16B No. 114–80 Casa 2, Cali, Colombia; Carrera 2 Oeste 5–46 apt./of. 503, Cali, Colombia. INVERSIONES MIGUEL RODRIGUEZ E HUO, Avenida 4N 6N-67 of. 601, Cali, Colombia; Avenida 6N 23DN-16 of. 202, 301, 302, 401, 402, Cali, Colombia.

INVERSIONES SANTA LTDA., (F.K.A. INVERSIONES Y CONSTRUCCIONES SANTA UMTADA), Calle 5 66B-49 piso 3, Cali, Colombia; Calle 5 Oeste 3A-26 apt/of 103, 301, 404, 502, 503, Cali, Colombia; Calle 7 Oeste 25–48, Cali, Colombia; Calle 9 No. 46–69 of. 302, Cali, Colombia; Calle 13 3–32 piso 14, Cali, Colombia; Carrera 2 Oeste 5–46 of 502, Cali, Colombia; Carrera 4 12–41 piso 14, Edificio Seguros Bolivar, Cali, Colombia; Carrera 4 12–41 piso 15, Edificio Seguros Bolivar, Cali, Colombia.

LABORATORIOS BLAIMAR DE COLOMBIA S.A., (A.K.A. BLAIMAR), Calle 12B 27 39, Bogota, Colombia.

LABORATORIOS KRESSFOR DE COLOMBIA S.A., (A.K.A. KRESSFOR), Calle 16 28A 51, Bogota, Colombia; Calle 16 28A 57, Bogota, Colombia; Calle 17 28A-43, Bogota, Colombia; Calle 17A 28 43, Bogota, Colombia.

PREVIA S.A., (A.K.A. PREVENCION Y ANALISIS DE RIESGOS), Carrera 3 No. 10–20 of. 202, Cali, Colombia; Carrera 3 No. 12–40 of. 504, Cali, Colombia.

SAMARIA ARRENDAMIENTO, Cali, Colombia.

SAMARIA CANAS, Cali, Colombia.

SAMARIA NTERESES, Cali, Colombia.

SAMARIA LTDA., Cali, Colombia.

SAMARIA TIERRAS, Cali, Colombia.

SANDRANA CANAS, Cali, Colombia.

SOCIEDAD CONSTRUCTORA LA CASCADA S.A., (A.K.A. CONSTRUCTORA CASCADA), Calle 1A 62A-120, Cali, Colombia; Calle 1A 62A-120 B2 108, Cali, Colombia; Calle 1A 62A-120 2305, Cali, Colombia; Calle 1A 62A-120 2418, Cali, Colombia; Calle 1A 62A-120 4114, Cali, Colombia; Calle 1A 62A-120 6245, Cali, Colombia; Calle 13 3–32 piso 12 y piso 14, Cali, Colombia; Carrera 4 12–41 of. 1401, Cali, Colombia; Carrera 4 No. 12–41 of. 1403, Cali, Colombia; Carrera 64 1C-63, Cali, Colombia; Carrera 64 1B-83, Cali, Colombia.

OTHER INDIVIDUALS:

ARBELAEZ PARDO, AMPARO, DOB: 9 November 1950; alt. DOB: 9 August 1950; Passports: AC568973 (Colombia), PE001850 (Colombia); Cedula No. 31218903 or 31151067 (Colombia); Casa No. 19, Avenida Lago, Ciudad Jardin, Cali, Colombia; c/o INVERSIONES ARA LTDA., Cali, Colombia; c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

ARLONE FACELU, ROBERTO, Cedula No. 16632415 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR S.A., Bogota, Colombia.

BORRERO Q., HECTOR FABIO, c/o INMOBILIARIA SAMARIA LTDA., Cali, Colombia; c/o INVERSIONES SANTA LTDA., Cali, Colombia; c/o SOCIEDAD CONSTRUCTORA LA CASCADA S.A., Cali, Colombia.

CALDERON RODRIGUEZ, SOLANGE, c/o INMOBILIARIA AURORA LTDA., Cali, Colombia; c/o INVERSIONES SANTA LTDA., Cali, Colombia; c/o SOCIEDAD CONSTRUCTORA LA CASCADA S.A., Cali, Colombia.

CARDONA OCHOA, CARLOS JULIO, Cedula No. 7524996 (Colombia); c/o AUREAL INMOBILIARIA LTDA., Bogota, Colombia; c/o GRUPO SANTA LTDA., Cali, Colombia.

CASTRO DE SANTACRUZ, AMPARO, DOB: 13 January 1948; alt. DOBs: 13 January 1946, 14 April 1959, 14 April 1957; SSN 150–50–6323; Passports: PEO2737O (Colombia), AA429676 (Colombia); Cedula No. 38983611 (Colombia); c/o INMOBILIARIA SAMARIA LTDA., Cali, Colombia; c/o INVERSIONES EL PASO LTDA., Cali, Colombia; c/o INVERSIONES SANTA LTDA., Cali, Colombia; c/o SAMARIA LTDA., Cali, Colombia.

CAVIEDES CRUZ, LEONARDO, DOB: 23 November 1952; Passports: AB151486 (Colombia), AC444270 (Colombia), OC444290 (Colombia); Cedula No. 16593470 (Colombia); c/o INVERSIONES SANTA LTDA., Cali, Colombia.

DIAZA QUIROA, HUGO CARLOS, Cedula No. 19236485 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia; c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

DONNEYS GONZALEZ, FEDERICO, c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia.

ESTRADA URIBE, OCTAVIO, c/o GRUPO SANTA LTDA., Cali, Colombia; c/o SOCIEDAD CONSTRUCTORA LA CASCADA S.A., Cali, Colombia.

GIL OSORIO, ALFONSO, DOB: 17 December 1946; alt. DOB: 17 December 1940; Passports: 14949229 (Colombia), 14949279 (Colombia), 14949289 (Colombia), AC342060 (Colombia); Cedula No. 14942279 or 14949279 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia; c/o DISTRIBUIDORA DE DROGAS LA REBAJA S.A., Bogota, Colombia; c/o DISTRIBUIDORA MIGIL LTDA., Cali, Colombia; c/o LABORATORIOS BLAIMAR DE COLOMBIA S.A., Bogota, Colombia; c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

GOMEZ V., MANUEL ANTONIO, Cedula No. 7921814 (Colombia); c/o GANADERA LTDA., Cali, Colombia.

GUTIERRES C, ALVARO (A.K.A. GUTIERREZ C, ALVARO), DOB: 9 May 1942; Cedula No. 14966562 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia;

GUTIERREZ CANCINO, FERNANDO ANTONIO, DOB: 4 December 1941; Cedula No. 6089071 (Colombia); c/o DISTRIBUIDORA DE DROGAS LA REBAJA, S.A., Bogota, Colombia; c/o LABORATORIOS BLAIMAR DE COLOMBIA S.A., Bogota, Colombia; c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

GUTIERREZ LOZANO, ANA MARIA, DOB: 1972; Cedula No. 39783954 or 39783975 (Colombia); c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

GUTIERREZ LOZANO, JUAN PABLO, DOB: 11 April 1972; Passport: AC480604 (Colombia); Cedula No. 79570028 (Colombia); c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

HOLGUIN SARRIA, ALVARO, Cedula No. 14950269 or 18950260 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA.-, Bogota, Colombia; c/o DISTRIBUIDORA MIGIL LTDA., Cali, Colombia.

IDARRAGA ORTIZ, JAIME, Cedula No. 8237011 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia; c/o DISTRIBUIDORA DE DROGAS LA REBAJA S.A., Bogota, Colombia; c/o DISTRIBUIDORA MIGIL LTDA., Cali, Colombia; c/o LABORATORIOS BLAIMAR DE COLOMBIA S.A., Bogota, Colombia.

IZOUIERDO OREJUELA, PATRICIA, Cedula No. 41594424 (Colombia); c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

LOZANO DE GOMEZ, ZILIA, Cedula No. 41577886 (Colombia); c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

LOZANO CANCINO DE GUTIERREZ, MARIA GLADYS, (A.K.A. LOZANO DE GUTIERREZ, GLADYS), DOB: 19 October 1948; Cedula No. 41444092 (Colombia); c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

MAZUERO ERAZO, HUGO, DOB: 17 July 1936; alt. DOB: 1945; Cedula No. 2445590 (Colombia); c/o GRUPO SANTA LTDA., Cali, Colombia; c/o INVERSIONES SANTA LTDA., Cali, Colombia; c/o SOCIEDAD CONSTRUCTORA LA CASCADA S.A., Cali, Colombia.

MOGOLLON RUEDA, EDUARDO, DOB: 5 February 1953; Cedula No. 19149691 or 19194691 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia.

MONDRAGON DE RODRIGUEZ, MARIELA, DOB: 12 April 1935; Passport: 4436059 (Colombia); Cedula No. 29072613 (Colombia); c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

MUNOZ RODRIGUEZ, JUAN CARLOS, DOB: 25 September 1964; Passport: 16703148 (Colombia); Cedula No. 16703148 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia; c/o DISTRIBUIDORA DE DROGAS LA REBAJA, S.A., Bogota, Colombia; c/o DISTRIBUIDORA MIGIL LTDA., Cali, Colombia; c/o LABORATORIOS BLAIMAR DE COLOMBIA S.A., Bogota, Colombia; c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

MUNOZ RODRIGUEZ, SORAYA, DOB: 26 July 1967; Passport: AC569012 (Colombia); Cedula 31976822 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia; c/o DISTRIBUIDORA DE DROGAS LA REBAJA S.A., Bogota, Colombia; c/o DISTRIBUIDORA MIGIL LTDA., Cali, Colombia; c/o LABORATORIOS BLAIMAR DE COLOMBIA S.A., Bogota, Colombia; c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

PINZON, MARCO ANTONIO, Cedula No. 17801803 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia.

RAMIREZ UBREROS, GLADYS MIRIAM, DOB: 20 November 1945; Passport: 38974109 (Colombia); Cedula No. 38974109 (Colombia); c/o DISTRIBUIDORA DE DROGAS LA REBAJA S.A., Bogota, Colombia.

RIZO, DIEGO, Cedula No. 144483334 (Colombia); c/o DISTRIBUIDORA MIGIL LTDA., Cali, Colombia.

RODRIGUEZ ABADIA, WILLIAM, DOB: 31 July 1965; Cedula No. 16716259 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia; c/o DISTRIBUIDORA DE DROGAS LA REBAJA S.A., Bogota, Colombia; c/o DISTRIBUIDORA MIGIL LTDA., Cali, Colombia; c/o LABORATORIOS BLAIMAR DE COLOMBIA S.A., Bogota, Colombia; c/o LABORATORIOS KRESSFOR DE COLOMBIA, S.A., Bogota, Colombia.

RODRIGUEZ ARBELAEZ, CAROLINA, DOB: 17 May 1979; c/o INVERSIONES ARA LTDA., Cali, Colombia.

RODRIGUEZ ARBELAEZ, MARIA FERNANDA, DOB: 28 November 1973; alternate DOB: 28 August 1973; Passport: AC568974 (Colombia); Cedula No. 7382804819 (Colombia); c/o DISTRIBUIDORA DE DROGAS LA REBAJA S.A., Bogota, Colombia.

RODRIGUEZ MONDRAGON, HUMBERTO, DOB: 21 June 1963; Passport: AD387757 (Colombia); Cedula No. 16688683 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia; c/o DISTRIBUIDORA DE DROGAS LA REBAJA S.A., Bogota, Colombia; c/o DISTRIBUIDORA MIGIL LTDA., Cali, Colombia; c/o LABORATORIOS BLAIMAR DE COLOMBIA S.A., Bogota, Colombia; c/o LABORATORIOS KRESSFOR DE COLOMBIA, S.A., Bogota, Colombia.

RODRIGUEZ MONDRAGON, JAIME, Cedula No. 16637592 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia; c/o DISTRIBUIDORA DE DROGAS LA REBA)A S.A., Bogota, Colombia; c/o DISTRIBUIDORA MIGIL LTDA., Cali, Colombia; c/o LABORATORIOS BLAIMAR DE COLOMBIA S.A., Bogota, Colombia; c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

RODRIGUEZ MONDRAGON, MARIA ALEXANDRA, (A.K.A. RODRIGUEZ MONDRAGON, ALEXANDRA), DOB: 30 May 1969; alt. DOB: 5 May 1969; Passport: AD359106 (Colombia); Cedula No. 66810048 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia; c/o DISTRIBUIDORA DE DROGAS LA REBAJA S.A., Bogota, Colombia; c/o LABORATORIOS BLAIMAR DE COLOMBIA S.A., Bogota, Colombia.

RODRIGUEZ OREJUELA DE GIL, AMPARO, DOB: 13 March 1949; Passport: AC342062 (Colombia); Cedula No. 3121877003 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia; c/o DISTRIBUIDORA MIGIL LTDA., Cali, Colombia; c/o LABORATORIOS BLAIMAR DE COLOMBIA S.A., Bogota, Colombia; c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

RODRIGUEZ OREJUELA DE MUNOZ, HAYDEE, (A.K.A. RODRIGUEZ OREJUELA DE ROJAS, HAYDEE), DOB: 22 September 1940; Cedula No. 38953333 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia; c/o DISTRIBUIDORA MIGIL LTDA., Cali, Colombia.

RODRIGUEZ RAMIREZ, CLAUDIA PILAR, DOB: 30 June 1963; alt. DOB: 30 August 1963; alt. DOB: 1966; Passports: 007281 (Colombia), P0555266 (Colombia); Cedula No. 51741013 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia; c/o DISTRIBUIDORA DE DROGAS LA REBAJA S.A., Bogota, Colombia; c/o DISTRIBUIDORA MIGIL LTDA., Cali, Colombia; c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia.

SANTACRUZ CASTRO, ANA MILENA, DOB: 31 March 1965; Passports: 31929808 (Colombia), AB151189 (Colombia); Cedula No. 31929808 (Colombia); c/o AUREAL INMOBILIAR1A LTDA., Bogota, Colombia; c/o INMOBILIARIA SAMARIA LTDA., Cali, Colombia; c/o INVERSIONES EL PASO LTDA., Cali, Colombia; c/o INVERSIONES SANTA LTDA., Cali, Colombia; c/o SAMARIA LTDA., Cali, Colombia; c/o SOCIEDAD CONSTRUCTORA LA CASCADA S.A., Cali, Colombia.

SANTACRUZ CASTRO, SANDRA, DOB: 28 September 1973; SSN 090–80–3433; Passports: 043827307 (United States), D1690693 (United States), 100330728 (United States), J24728201 (Country unknown); c/o INMOBILIARIA SAMARIA LTDA., Cali, Colombia.

TORRES CORTES, JOSELIN, Cedula No. 19482747 (Colombia); c/o AUREAL INMOBILIARIA LTDA., Bogota, Colombia.

VILLALOBOS, LUIS E., Cedula No. 14875020 (Colombia); c/o DISTRIBUIDORA DE DROGAS CONDOR LTDA., Bogota, Colombia.

ZABALETA SANDOVAL, NESTOR, DOB: 1927; Cedula No. 20305353 (Colombia); Passports: 1690693 (United States), 100330728 (United States), J24728201 (Country unknown); c/o LABORATORIOS KRESSFOR DE COLOMBIA S.A., Bogota, Colombia; c/o INMOBILIARIA SAMARIA LTDA., Cali, Colombia.

Dated: October 23, 1995

R. Richard Newcomb,

Director, Office of Foreign Assets Control.

Approved: October 23, 1995

John P. Simpson

Deputy Assistant Secretary (Regulatory, Tariff & Trade Enforcement).

[FR Doc. 95–26555 Filed 10–23–95; 11:21 am]

BILLING CODE 4610–25-F


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