OFAC Regulatory Provisions - 31 CFR § 541.201 - Prohibited transactions involving blocked property.

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 (446 words)

[UPDATE: on 3/4/24, President Biden issued 14118, which revoked EO 13288, EO 13391, and EO 13469, i.e. the authorities serving as the basis for the Zimbabwe Sanctions Regulations (ZSR; 31 Part 541). Accordingly, the ZSR are no longer in effect, but part 541 will remain in the Research System for look-back purposes.]
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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...

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31 CFR § 541.201 - Prohibited transactions involving blocked property.

TURBOFAC Commentary (446 words)