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§ 542.212 Prohibited transactions involving foreign sanctions evaders.
(a) Pursuant to E.O. 13608, the Secretary of the Treasury, in consultation with the Secretary of State, may determine that a foreign person:
(1) Has violated, attempted to violate, conspired to violate, or caused a violation of any license, order, regulation, or prohibition contained in, or issued pursuant to:
(i) Any Executive order relating to the national emergency declared in E.O. 13338 of May 11, 2004, as modified in scope in subsequent Executive orders; or
(ii) To the extent such conduct relates to property and interests in property of any person subject to United States sanctions concerning Syria, E.O. 13382 of June 28, 2005, any Executive order subsequent to E.O. 13382 of June 28, 2005, that relates to the national emergency declared in E.O. 12938 of November 14, 1994, or any Executive order relating to the national emergency declared...
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1) This provision implements into the SySR the unusual non-blocking prohibition of EO 13608, at least insofar as the sanctions imposed pursuant to EO 13608 are related to Syria, and not Iran. EO 13608 was issued on 2012, and of 6-6-24, no persons are sanctioned pursuant to EO 13608. Refer generally to EO 13608, and comments thereto for comments on the designation criteria and scope of prohibitions.
2) Along with 542.212, other new and amended provisions in the SySR help implement EO 13608.
* 542.303 and 542.318 implement two definitions in EO 13608 used for designations.
* 542.415 specifies that “foreign persons will not be subject to sanctions pursuant to…542.212 solely on the basis of transaction for which a...