Code of Federal Regulations · Section

§ 510.302 — Blocked Account; Blocked Property

31 C.F.R. § 510.302

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For the purposes of this part, the terms blocked account and blocked property shall mean:

(a) Any account or property subject to the prohibitions in § 510.201(a) held in the name of the Government of North Korea, the Workers' Party of Korea, or any other person whose property and interests in property are blocked pursuant to § 510.201(a), 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 a license or other authorization from OFAC expressly authorizing such action; and

(b) Any account or property subject to the prohibitions in § 510.201(d), and with respect to which payments, transfers, exportations, withdrawals, or other dealings may not be made or effected except pursuant to a license or other authorization from OFAC expressly authorizing such action.

31 C.F.R. § 510.301 31 C.F.R. § 510.303

Authorizing Statute