31 CFR § 578.201 - Prohibited transactions.

Date issued: Sep. 06 2022

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TURBOFAC Commentary (432 words)

Notes:

1) This is a standard blocking prohibition, as it appears in a set of non-abbreviated sanctions regulations that fully incorporate into the regulations the primary and derivative designation criteria used to determine the range of persons with respect to which blocking prohibitions apply.

The scope of the basic blocking provision is generally interpreted harmoniously on a cross-programmatic basis. Refer to Notes Common to most "Prohibited transactions" and "Prohibited transactions involving blocked property" Provisions; an Introduction to the Basic Blocking Language (System Ed. Note), which serves as a jumping off point for other system notes dealing with the scope of basic blocking language in further detail.

3) For comments on designation criteria, see EO 13757 and EO 13694. Note that all OFAC-relevant prohibitions imposed by EO 13757 and EO 13694 have been...