No. 65 Jalan Ledang, Taman Johor Tampoi, Johor Bahru, 81200, Johor, Malaysia
Reg. ID
641124015977, National ID No.
Official reason
Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Malaysian national Teo Boon Ching, the Teo Boon Ching Wildlife Trafficking Transnational Criminal Organization (TCO), and the Malaysian company Sunrise Greenland Sdn. Bhd. for the cruel trafficking of endangered and threatened wildlife and the products of brutal poaching. Teo Boon Ching specializes in the transportation of rhino horn, ivory, and pangolins from Africa, generally utilizing routes through Malaysia and Laos and onward to consumers in Vietnam and China. Although Teo Boon Ching has been publicly linked to the illicit wildlife trade for years, he has evaded justice and continued to operate his illicit transportation enterprise. On June 29, 2022, Teo Boon Ching was arrested in Thailand based on a request from the United States and in accordance with the bilateral extradition treaty between the United States and Thailand. Today, an indictment was unsealed in the U.S. District Court for the Southern District of New York charging Teo Boon Ching with conspiracy to engage in wildlife trafficking and money laundering.
OFAC is designating the Teo Boon Ching Wildlife Trafficking TCO pursuant to Executive Order (E.O.) 13581, as amended, for being a foreign person that constitutes a significant transnational criminal organization. Teo Boon Ching is being designated pursuant to E.O. 13581, as amended, for having acted or purported to act for or on behalf of, directly or indirectly, the Teo Boon Ching Wildlife Trafficking TCO. Teo Boon Ching’s Malaysia-based company Sunrise Greenland Sdn. Bhd. is being designated pursuant to E.O. 13581, as amended, for being owned or controlled by, directly or indirectly, Teo Boon Ching.
Transnational Criminal Organizations Sanctions Regulations, 31 C.F.R. part 590;
Executive Order 13581 of July 24, 2011 Blocking Property of Transnational Criminal Organizations
Regime
OFAC-horizontal
Target State
Criminal organizations
Measures
Blocking Property
Official Information
On January 12, 2012, OFAC issued the Transnational Criminal Organizations Sanctions Regulations, 31 CFR part 590 (77 FR 1864, January 12, 2012) (the “Regulations”), to implement Executive Order (E.O.) 13581 of July 24, 2011, “Blocking Property of Transnational Criminal Organizations” (76 FR 44757, July 27, 2011), pursuant to authorities delegated to the Secretary of the Treasury in E.O. 13581. The Regulations were initially issued in abbreviated form for the purpose of providing immediate guidance to the public. OFAC amended the Regulations on July 23, 2019 (84 FR 35307, July 23, 2019) to implement E.O. 13863 of March 15, 2019, “Taking Additional Steps to Address the National Emergency With Respect to Significant Transnational Criminal Organizations” (84 FR 10255, March 19, 2019), which amended E.O. 13581. OFAC is amending and reissuing the Regulations as a more comprehensive set of regulations that includes additional interpretive guidance and definitions, general licenses, and other regulatory provisions that will provide further guidance to the public. Due to the number of regulatory sections being updated or added, OFAC is reissuing the Regulations in their entirety.
E.O. 13581 On July 24, 2011, the President, invoking the authority of, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), issued E.O. 13581. In E.O. 13581, the President found that the activities of significant transnational criminal organizations, such as those listed in the Annex to E.O. 13581, have reached such scope and gravity that they threaten the stability of international political and economic systems. The President further found that such organizations are becoming increasingly sophisticated and dangerous to the United States; they are increasingly entrenched in the operations of foreign governments and the international financial system, thereby weakening democratic institutions, degrading the rule of law, and undermining economic markets. The President stated these organizations facilitate and aggravate violent civil conflicts and increasingly facilitate the activities of other dangerous persons. The President determined that the activities of significant transnational criminal organizations constitute an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States and declared a national emergency to deal with that threat.
