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§ 546.202 Effect of transfers violating the provisions of this part.
(a) Any transfer after the effective date that is in violation of any provision of this part or of any regulation, ruling, instruction, order, directive, or license issued pursuant to this part, and that involves any property or interest in property blocked pursuant to § 546.201, is null and void and shall not be the basis for the assertion or recognition of any interest in or right, remedy, power, or privilege with respect to such property or interest in property.
(b) No transfer before the effective date shall be the basis for the assertion or recognition of any right, remedy, power, or privilege with respect to, or any interest in, any property or interest in property blocked pursuant to § 546.201, unless the person who holds or maintains such property, prior to that date, had...
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1) With some non-substantive exceptions, this is the typical/boilerplate "Effect of transfers" provision that appears in all sanctions programs involving asset blocking (i.e. not the IFSR, WMDTCR or HFSR). Refer to General Note on the Boilerplate Provision Titled “Effect of Transfers Violating the Provisions of This Part”; “Null and Void” Transfers (System Ed. Note).
2) Provision amended on 3-5-24 in connection with the incorporation of EO 14098 into 31 CFR part 546 and the renaming of the Darfur Sanctions Regulations as the Sudan Stabilization Sanctions Regulations. Current provision mirrors the typical modern provision of this type (compare e.g. 555.202, Mali). Note OFAC removed the dated construction (in (e))...