§515.311 Property; property interests.
(a) Except as defined in §515.203(f) for the purposes of that section the terms property and property interest or property interests shall include, but not by way of limitation, money, checks, drafts, bullion, bank deposits, savings accounts, debts, indebtedness obligations, notes, debentures, stocks, bonds, coupons, and other financial securities, bankers' acceptances, mortgages, pledges, liens or other rights in the nature of security, warehouse receipts, bills of lading, trust receipts, bills of sale, any other evidences of title, ownership or indebtedness, powers of attorney, goods, wares, merchandise, chattels, stocks on hand, ships, goods on ships, real estate mortgages, deeds of trust, vendors' sales agreements, land contracts, real estate and any interest therein, leaseholds, ground rents, options, negotiable instruments, trade acceptances, royalties, book accounts, accounts payable, judgments, patents, trademarks, copyrights, contracts or licenses affecting or involving patents, trademarks or copyrights, insurance policies, safe deposit boxes and their contents, annuities, pooling agreements, contracts of any nature whatsoever, services, and any other property, real, personal, or mixed, tangible or intangible, or interest or interests therein, present, future or contingent.
(b) As used in §515.208, the term property means any property (including patents, copyrights, trademarks, and any other form of intellectual property), whether real, personal, or mixed, and any present, future, or contingent right, security, or other interest therein, including any leasehold interest.
[28 FR 6974, July 9, 1963, as amended at 50 FR 27437, July 3, 1985; 56 FR 49847, Oct. 2, 1991; 61 FR 37386, July 18, 1996]
1) This provision controls the scope of the basic blocking regulation, and is common to all sanctions regulations involving the blocking of property. It is substantively boilerplate in all sanctions programs, except for slight variations in the CACR and IACR. Refer generally to Note Common to all "Property; property interest" Definitional Provisions (System Ed. Note).
Differences between the CACR and IACR versions of this provision and those in all other programs are that only the CACR and IACR have subsection (b), and only the CACR and IACR versions include the term "services," as opposed to "services of any nature whatsoever." By all indications, "services of any nature whatsoever" merely clarifies what the scope of the term "services" means as a default proposition; it does not mean that the scope of "services" within the meaning of the CACR and IACR is narrower than it is in other sanctions programs.
2) See also Empresa Cubana Del Tabaco v. General Cigar Co., OFAC/Treasury Amicus Brief for interpretations this provision.