Code of Federal Regulations · Section
§ 525.301 — Blocked Account; Blocked Property
31 C.F.R. § 525.301
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The terms blocked account and blocked property mean any account or property subject to the prohibitions in § 525.201 held in the name of a person whose property and interests in property are blocked pursuant to § 525.201, 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 a license or other authorization from OFAC expressly authorizing such action.
Authorizing Statute
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General authority of the Secretary31 U.S.C. § 321
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Mode of recovery28 U.S.C. § 2461