31 CFR § 546.202 - Effect of transfers violating the provisions of this part.

Date issued: Aug. 21 2024

Last substantive commentary amendment:
Aug. 22 2024

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TURBOFAC Commentary (169 words)

Notes:

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))...