The terms blocked account and blocked property shall mean any account or property subject to the prohibitions in § 542.201 held in the name of the Government of Syria or any other person whose property and interests in property are blocked pursuant to § 542.201, or in which such person has an interest, and with respect to which payments, transfers, exportations, withdrawals, or other dealings may not be made or effected except pursuant to an authorization or license from OFAC expressly authorizing such action.
Note 1 to § 542.301:
See § 542.411 concerning the blocked status of property and interests in property of an entity that is directly or indirectly owned, whether individually or in the aggregate, 50 percent or more by one or more persons whose property and interests in property are blocked pursuant to § 542.201.
[79 FR 25416, May 2, 2014, as amended at 87 FR 78473, Dec. 21, 2022]
authority: 3 U.S.C. 301;
31 U.S.C. 321(b);
18 U.S.C. 2332d;
22 U.S.C. 287c;
22 U.S.C. 8791-8793;
22 U.S.C. 9528;
50 U.S.C. 1601-1651,
1701; Pub. L. 108-175 (
22 U.S.C. 2151 note); Pub. L. 116-92, Div. F, Title LXXIV, 133 Stat. 2291 (
22 U.S.C. 8791 note); Pub. L. 101-410, 104 Stat. 890, as amended (
28 U.S.C. 2461 note); E.O. 13338, 69 FR 26751, 3 CFR, 2004 Comp., p. 168; E.O. 13399, 71 FR 25059, 3 CFR, 2006 Comp., p. 218; E.O. 13460, 73 FR 8991,
3 CFR 2008 Comp., p. 181; E.O. 13572, 76 FR 24787,
3 CFR 2011 Comp., p. 236; E.O. 13573, 76 FR 29143,
3 CFR 2011 Comp., p. 241; E.O. 13582, 76 FR 52209,
3 CFR 2011 Comp., p. 264; E.O. 13606, 77 FR 24571,
3 CFR 2012 Comp., p. 243; E.O.13608, 77 FR 26409, 3 CFR, 2012 Comp., p. 252
source: 79 FR 25416, May 2, 2014, unless otherwise noted.
cite as: 31 CFR 542.301