Section node
Reports on blocked property
31 CFR 501.603
- What this page is
- Section node, 31 CFR 501.603
- Checked against the official source
- 2026-08-15Expired
- Responsible publisher
- ExploreWorld Legal, editorial deskLiability position
Short answer
What does 31 CFR 501.603 require, and where does it carry an outcome in the rule tree?
31 CFR 501.603 is the paragraph the OFAC decision agent rests on for this question. Initial and annual reports on blocked and rejected transactions. The block was read against the publisher on 2026-08-15 and carries 3 outcomes in the agent's rule tree. The reference can be cited as it stands, with a link to the official text and a content hash.
Source: NovaCopilot, nc:en:us:agent:ofac:reporting
31 CFR 501.603Not yet verifiedOfficial text
A source reference, not legal advice.
- Jurisdiction
- 31 CFR Chapter V
- Section node
- reporting
- Read
- 2026-08-15
- Hash
- sha256:d1e80d6f417ecfec
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-screening
The basis for assessing the prohibition is absent
31 CFR 501.601 requires records of transactions to be kept for five years. Without documented screening the relationship to the lists in 31 CFR 501 cannot be determined.
risk, Requirement applies conditionally
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
- Blocking of property31 CFR 501 and the programme parts
- Ownership ruleOFAC guidance of 13 August 2014
- General and specific licences31 CFR 501.801
The verdict is a machine classification of the outcome, not legal advice and not a compliance decision.
Verifiable trust signals
- Source-linked answers and explicit evidence gaps
- Obligations, controls, risks and consequences
- Stable objects and verifiable checksums
- Rule-based objects, optional source-linked reasoning
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