Code of Federal Regulations · Section

§ 591.407 — Settlement Agreements And Enforcement Of Certain Orders Through Judicial Process

31 C.F.R. § 591.407

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Notwithstanding the existence of any general license issued under this part, or issued under any Executive order issued pursuant to the national emergency declared in E.O. 13692, the entry into a settlement agreement or the enforcement of any lien, judgment, arbitral award, decree, or other order through execution, garnishment, or other judicial process purporting to transfer or otherwise alter or affect property or interests in property blocked pursuant to § 591.201, as referenced in § 591.506(c), is prohibited unless authorized pursuant to a specific license issued by OFAC pursuant to this part.

31 C.F.R. § 591.406

Authorizing Statute

General authorization to delegate functions; publication of delegations
3 U.S.C. § 301
Mode of recovery
28 U.S.C. § 2461
Unusual and extraordinary threat; declaration of national emergency; exercise of Presidential authorities
50 U.S.C. § 1701
General authority of the Secretary
31 U.S.C. § 321