OFAC Regulatory Provisions - 31 CFR § 579.201

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.

TURBOFAC Commentary (205 words)

Notes:

1) This is a standard “Prohibited transactions” provision that appears as 5XX.201 in an -based sanctions authority containing blocking provisions. As is common in all such provisions in sets of "abbreviated" sanctions regulations, this provision incorporates by reference the prohibition in the or EOs listed as appendices to the associated sanctions regulations.

For discussion on the way in which this provision should be interpreted in the absence of full regulations, see General Note on "Abbreviated Regulations" and Executive Orders with Standard Blocking Prohibitions not yet Implemented in the (System Ed. Note). Note in addition that the purpose of these regulations is to provide aid in the administration of the part of the EO referred to that contains standard blocking regulations, which are interpreted harmoniously across sanctions programs. 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).

2) For comments on designation criteria, see Appendix A to Part 579—Executive Order 13848. Note that all OFAC-relevant prohibitions imposed by EO 13848 have been incorporated in these sanctions regulations, and there have been no additional EOs related to the national emergency declared in EO 13848.

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31 CFR § 579.201 - Prohibited transactions.

TURBOFAC Commentary (205 words)