General Note Re: Most "Prohibited Transactions" and "Prohibited Transactions Involving Blocked Property" Provisions; An Introduction to the Basic Blocking Language (System Ed. Note)

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TURBOFAC Commentary (2491 words)

Notes Common to most "Prohibited transactions" and "Prohibited transactions involving blocked property" Provisions; an Introduction to the Basic Blocking Language (System Ed. Note)

The vast majority of sanctions regulations associated with a program that involves the blocking of persons contain a provision that is either titled "Prohibited transactions involving blocked property" or "Prohibited transactions" (typically 5XX.201, but see e.g. 560.211).

Basic blocking regulatory provisions implement blocking prohibitions found in Executive Orders, virtually all of which are phrased exactly as follows:

"All property and interests in property that are in the United States, that come within the United States, or that are or come within the possession or control of any U.S. person of the following persons are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in."

What then follows is a list of the categories of...