§ 525.201 Prohibited transactions.
All transactions prohibited pursuant to Executive Order (E.O.) 14014 of February 10, 2021, or any further Executive orders issued pursuant to the national emergency declared in E.O. 14014, are prohibited pursuant to this part.
Note 1 to § 525.201. The names of persons designated or identified as blocked pursuant to E.O. 14014, or listed in, or designated or identified as blocked pursuant to, any further Executive orders issued pursuant to the national emergency declared therein, whose property and interests in property therefore are blocked pursuant to this section, are published in the Federal Register and incorporated into OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List) using the following identifier formulation: “[BURMA-EO[E.O. number pursuant to which the person’s property and interests in property are blocked]].” The SDN List is accessible through the following page on OFAC’s website: www.treasury.gov/sdn. Additional information pertaining to the SDN List can be found in appendix A to this chapter. See § 525.406 concerning entities that may not be listed on the SDN List but whose property and interests in property are nevertheless blocked pursuant to this section.
Note 2 to § 525.201. The International Emergency Economic Powers Act (50 U.S.C. 1701–1706), in Section 203 (50 U.S.C. 1702), authorizes the blocking of property and interests in property of a person during the pendency of an investigation. The names of persons whose property and interests in property are blocked pending investigation pursuant to this section also are published in the Federal Register and incorporated into the SDN List using the following identifier formulation: “[BPI-BURMA-EO[E.O. number pursuant to which the person’s property and interests in property are blocked pending investigation]].”
Note 3 to § 525.201. Sections 501.806 and 501.807 of this chapter describe the procedures to be followed by persons seeking, respectively, the unblocking of funds that they believe were blocked due to mistaken identity, or administrative reconsideration of their status as persons whose property and interests in property are blocked pursuant to this section.
1) This is a standard “Prohibited transactions” provision that appears as 5XX.201 in an IEEPA-based sanctions authority containing blocking provisions. As is common in all such provisions in sets of "abbreviated" sanctions regulations, this provision incorporates by reference the prohibition in the EO or EOs listed as appendices to the associated sanctions regulations.
For discussion on the way in which this provision should be interpreted in the absence of full regulations, see General Note on "Abbreviated Regulations" and Executive Orders with Standard Blocking Prohibitions not yet Implemented in the CFR (System Ed. Note). Note in addition that the purpose of these regulations is to provide aid in the administration of the part of the EO referred to that contains standard blocking regulations, which are interpreted harmoniously across sanctions programs. Refer to Notes Common to most "Prohibited transactions" and "Prohibited transactions involving blocked property" Provisions; an Introduction to the Basic Blocking Language (System Ed. Note). While discussed in the “Abbreviated Regulations” note, bear in mind that IEEPA exemptions do apply. See General Note on the Applicability of IEEPA/TWEA Exemptions in EOs and Sanctions Regulations not Specifically Mentioning Them (System Ed. Note).
2) For comments on designation criteria, see Executive Order 14014 - Executive Order on Blocking Property with Respect to the Situation in Burma. Note that all OFAC-relevant prohibitions imposed by EO 14014 have been incorporated in these sanctions regulations, and there have been no additional EOs related to the national emergency declared in EO 14014.