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§ 560.211 Prohibited transactions involving blocked property.
(a) All property and interests in property of the Government of Iran, including the Central Bank of Iran, that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person, including any foreign branch, are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in.
(b) All property and interests in property of any Iranian financial institution, including the Central Bank of Iran, that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person, including any foreign branch, are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in.
(c)
(1) All property and interests...
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[9-17-24 Update – OFAC published FR Notice Introducing Notes to 5XX.201 Provisions Related to Blocking Orders and Instructions, which amends 35 mostly “5XX.201” provisions to add two “notes” and amend one note that deals with blocking orders and notification requirements. See comments to the FR Notice for further details, and note that the regulatory provision will be amended once the amendment is implemented in the ECFR].
Notes:
Except as specified below, this is a standard blocking prohibition, as it appears in a non-abbreviated set of sanctions regulations that incorporate into the regulations the primary and derivative designation criteria used to determine the range of persons with respect to which blocking prohibitions apply. Subsections (d) - (f) appear in all modern sanctions regulations. The scope of the basic blocking provision is generally interpreted harmoniously on a...