Code of Federal Regulations · Section

§ 587.503 — Exclusion From Licenses

31 C.F.R. § 587.503

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OFAC reserves the right to exclude any person, property, transaction, or class thereof from the operation of any license or from the privileges conferred by any license. OFAC also reserves the right to restrict the applicability of any license to particular persons, property, transactions, or classes thereof. Such actions are binding upon actual or constructive notice of the exclusions or restrictions.

31 C.F.R. § 587.502 31 C.F.R. § 587.504

Authorizing Statute

Termination of existing declared emergencies
50 U.S.C. § 1601
General authorization to delegate functions; publication of delegations
3 U.S.C. § 301
General authority of the Secretary
31 U.S.C. § 321
Mode of recovery
28 U.S.C. § 2461