31 CFR § 561.205 Metals-related sanctions on certain foreign financial institutions.

Date issued: Aug. 07 2019

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TURBOFAC Commentary (776 words)

Notes:

*This is a standard "CAPTA sanctions" regulatory provision, with distinctions from analogue provisions in other sanctions programs discussed below. For discussion concerning the relationship between these sanctions and other sanctions permitting for the full blocking of persons engaged conduct that may or may not be of a sort that can trigger these sanctions as well, refer to General Note on Provisions Containing Secondary/"CAPTA" Sanctions Applicable to Foreign Financial Institutions (System Ed. Note).

*Notes specific to 561.205.

1) This provision implements the CAPTA sanctions "half" of EO 13871 (i.e. Sec 2 of the EO). Sec 1 of the EO, the designation criteria and blocking prohibitions applicable to persons dealing with the Iranian metals sector, is implemented in Part 562. See generally comments to Appendix B to Part 562—Executive Order 13871 of May...