Blocking of property

Outcomes resting on this section

The rules below point to this section in their outcome. The verdict is a machine classification, not a judgment on an individual matter.

• ofac-sdn

  SDN list hit without a licence

  31 CFR 501 and the individual sanctions programs block property and interests in property of a listed person and prohibit transactions with that person absent a licence. Blocked property is reported under 31 CFR 501.603.

  prohibited, Requirement applies

• ofac-fifty

  The fifty percent ownership rule is met

  Under the agency's reading of 31 CFR 501, an entity owned 50 percent or more, directly or indirectly, by one or more listed persons is treated as blocked even when the entity itself is not listed.

  prohibited, Requirement applies

• ofac-embargo

  Transaction against a comprehensive program

  The comprehensive programs in 31 CFR 515, 560, 510, 542 and 589 prohibit the transactions stated there absent a licence. Exemptions and licences appear in each part.

  prohibited, Requirement applies

• ofac-base

  The sanctions rules apply to the transaction

  31 CFR 501 applies to US persons wherever located, and blocked property is reported under 31 CFR 501.603.

  risk, Requirement applies

Section nodes

• Ownership ruleOFAC guidance of 13 August 2014
• Reports on blocked property31 CFR 501.603
• General and specific licences31 CFR 501.801