OFAC Regulatory Provisions - 31 CFR § 576.209

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 (528 words)

Notes:

1) This is a standard "Exempt transactions" provision for an , list-based blocking program. On its face, it applies only to transactions otherwise prohibited by 576.201(a)(3), which implements a standard, IEEPA-based, list-based blocking order. It should be noted, however, that there is now reason to believe that the IEEPA exemptions would apply even to persons blocked pursuant to 576.201(a)(1)-(2), to the degree that they do not appear on or are related to persons appearing on any UN-administered sanctions list. Refer to General Note on the Applicability of IEEPA/TWEA Exemptions in EOs and Sanctions Regulations not Specifically Mentioning Them (System Ed. Note). This is also discussed in General Note on the Iraq Stabilization and Insurgency Sanctions Regulations and the Relationship Between the Authorities Underlying the Regulations (System Ed. Note). See 576.207 for a special non IEEPA-based...

Welcome!

Welcome!

31 CFR § 576.209 - Exempt transactions.

TURBOFAC Commentary (528 words)