31 CFR § 560.211 - Prohibited transactions involving blocked property.

Date issued: Sep. 17 2024

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TURBOFAC Commentary (1301 words)

Notes:

[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...