Code of Federal Regulations · Section

§ 547.302 — Blocked Account; Blocked Property

31 C.F.R. § 547.302

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The terms blocked account and blocked property shall mean any account or property subject to the prohibitions in § 547.201 held in the name of a person whose property and interests in property are blocked pursuant to § 547.201(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.

31 C.F.R. § 547.301 31 C.F.R. § 547.303

Authorizing Statute

Economic and communication sanctions pursuant to United Nations Security Council Resolution
22 U.S.C. § 287c
General authorization to delegate functions; publication of delegations
3 U.S.C. § 301
Termination of existing declared emergencies
50 U.S.C. § 1601
Mode of recovery
28 U.S.C. § 2461
General authority of the Secretary
31 U.S.C. § 321