Ed. Note: if you’re new to TURBOFAC, please take note that the text string filtration function generally shouldn’t be used for terms such as “ordinarily resident,” “causing” or “new debt”. For research on the meaning of words and phrases such as those, i.e. terms central to the key legal issues in sanctions law that appear on a cross-programmatic basis, you’re typically better off locating and checking the appropriate box in the “Key Legal Issues” search category, which will limit the results to those that have been manually assessed as being relevant for the interpretation of the terms at issue.
Try typing your search term (“ordinarily resident,” “new debt,” or something else) in the “Find a Search Filter” box at the top of the page, and the corresponding “Key Legal Issues” check box will pop up instantly, if one exists. Once you check the box (e.g. “new debt,” with ~55 results), you can always use the text string filtration function to further refine your search (e.g. by typing “invoice” and narrowing the ~55 results to ~10).
Note in addition that the same applies to text string searches such as “14071” (if you’re looking for items related to EO 14071). By typing “14071” in the “Find a Search Filter” field up top, you will be able to instantly narrow the results down to items manually assessed as relating to EO 14071. Ditto terms such as “515.204” or “Iran General License G” (try the “Discrete Legal Provision” search category).
Please contact [email protected] or [email protected] with any questions on search results and efficiency.
Please click "Apply Text String Filters" again after clicking the "Close" button immediately below.
1) The Blocked account definition of the CACR is unique to the CACR insofar as it omits any reference to the 50% rule and insofar as the 50% rule does not actually apply. See 515.302, providing a variety of circumstances in which entities may be considered blocked "Nationals" of Cuba for reasons other than 50% or greater ownership by blocked entity. OFAC flags this issue in its 2014 Revised Guidance on Entities Owned by Persons Whose Property and Interests in Property are Blocked.
2) The reference to accounts "with respect to which account payments, transfers or withdrawals or other dealings may not be made or effected except pursuant to an authorization or license authorizing such action" means that the provision applies to accounts that are actually frozen, i.e. that have come within the possession or control of a person subject to U.S. jurisdiction. This does not include all accounts offshore subject to the transaction prohibitions of 515.201 because a Cuban has an interest in them. This is made somewhat clearer in IEEPA-based blocking regulations, where there is a definition of "Blocked account; blocked property" (e.g. 510.302).