31 CFR § 515.201 - Transactions involving designated foreign countries or their nationals; effective date.

Date issued: Sep. 30 2026

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TURBOFAC Commentary (1688 words)

Notes:

[9-30-26 update – provision amended to implement changes expanding the prohibition at 515.209 to “direct or indirect financial transactions”, rather than just “direct” financial transactions].

[NOTE - On 9-13-24, OFAC published a rule (https://ofac.treasury.gov/media/933221/download?inline) effective 9-17-24 that amends 35 5XX.201 provisions in active blocking programs to add two notes. The notes provide as follows:

"In certain cases, OFAC may issue an order to: identify as blocked specific property or interests in property of a person designated or otherwise blocked pursuant to this section; block specific property or interests in property of a person pending investigation; or block or impose other prohibitions with respect to specific property or interests in property less than full blocking sanctions. Notice of such orders will be provided: by publication in the Federal Register; in writing to persons OFAC may assess to...