Final rule; amendment to the list of persons whose assets are subject to blocking.
Category
sanctions-ofac
Sub-agency
OFAC
Publication date
1996-03-04
Effective date
1996-03-01
Abstract
The Office of Foreign Assets Control of the U.S. Department of the Treasury is amending section 535.217 of the Iranian Assets Control Regulations, 31 CFR Sec. 535.217, to remove the name Shams Pahlavi from Sec. 535.217(b). Shams Pahlavi, sister of Mohammed Reza Pahlavi, the former Shah of Iran, previously was identified in Sec. 535.217(b) as a person who had been served as a defendant in litigation brought by Iran in a court within the United States seeking the return of property alleged to belong to Iran. She therefore was identified as a person whose United States assets were blocked pursuant to the provisions of Sec. 535.217(a). Reference to Shams Pahlavi is now removed from Sec. 535.217(b) based upon the final termination of all pertinent litigation against her. Accordingly, her United States assets are no longer blocked pursuant to Sec. 535.217(a).