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) Read in conjunction with 515.306 (Custody of safe deposit boxes) and 515.408 (Access to certain safe deposit boxes prohibited). Note that 515.311 specifies that "safe deposit boxes and their contents" are "property." No further guidance is provided with respect to the question of whether the removal of blocked contents pursuant to the terms of this license means that the blocked person loses its "interest" in the box itself, such that it could be re-leased, but that would appear to be the purpose of allowing the transfer of the contents to another box.
2) The Office of Alien Property was abolished in 1966.
3) See FAC No. CU-155527; C-19065; Related OFAC Email from 2017 for an interpretation of this provision. The related OFAC Email from 2017 suggests that 515.523 unblocks safe deposit boxes in many cases in which one might otherwise be inclined to refer to this provision.