Code of Federal Regulations Title 31. Money and Finance–Treasury § 31.569.201 Prohibited transactions

All transactions prohibited pursuant to Executive Order 13894 of October 14, 2019 (E.O. 13894), or any further Executive orders issued pursuant to the national emergency declared in E.O. 13894, are prohibited pursuant to this part.

Note 1 to § 569.201:  The names of persons designated pursuant to E.O. 13894, or listed in or designated or identified pursuant to any further Executive orders issued pursuant to the national emergency declared in E.O. 13984, whose property and interests in property therefore are blocked pursuant to this section, are published in the Federal Register and incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) using the identifier formulation “[SYRIA–E.O.[E.O. number pursuant to which the person's property and interests in property are blocked]].” The SDN List is accessible through the following page on OFAC's website:  www.treasury.gov/sdn. Additional information pertaining to the SDN List can be found in appendix A to this chapter. See § 569.406 concerning entities that may not be listed on the SDN List but whose property and interests in property are nevertheless blocked pursuant to this section.

Note 2 to § 569.201:  The International Emergency Economic Powers Act (50 U.S.C. 1701–1706), in Section 203 (50 U.S.C. 1702), authorizes the blocking of property and interests in property of a person during the pendency of an investigation. The names of persons whose property and interests in property are blocked pending investigation pursuant to this section also are published in the Federal Register and incorporated into the SDN List using the identifier formulation “[BPI–SYRIA–E.O.[E.O. number pursuant to which the person's property and interests in property are blocked pending investigation]].”

Note 3 to § 569.201:  Sections 501.806 and 501.807 of this chapter describe the procedures to be followed by persons seeking, respectively, the unblocking of funds that they believe were blocked due to mistaken identity, or administrative reconsideration of their status as persons whose property and interests in property are blocked pursuant to this section.

Note 4 to § 569.201:  The names of persons determined by the Secretary of State to meet the criteria for the imposition of sanctions pursuant to section 2 of E.O. 13894 will be incorporated into a data file containing OFAC's Consolidated Non–SDN data and will also be provided in a human readable format on the following page on OFAC's website:  www.treasury.gov/cons. These listings will include specific information on the sanctions imposed on such persons pursuant to section 2 of E.O. 13894. However, for any persons determined to meet the criteria for the imposition of sanctions pursuant to section 2 of E.O. 13894, where the Secretary of State chooses to impose the sanctions described in section 2(c)(iv) of E.O. 13894, such persons' names will instead be incorporated into OFAC's SDN List using the identifier “[SYRIA–EO13894].” The names of persons determined to meet the criteria for the imposition of sanctions pursuant to section 2 of E.O. 13894 will be published in the Federal Register along with the applicable sanctions that have been imposed on such persons under that section.

Note 5 to § 569.201:  The names of foreign financial institutions for which the opening or maintaining of a correspondent account or a payable-through account in the United States is prohibited or for which the maintenance of a correspondent account or payable-through account is subject to one or more strict conditions pursuant to section 3 of E.O. 13894, or pursuant to any further Executive orders issued pursuant to the national emergency declared in E.O. 13984, will be added to the List of Foreign Financial Institutions Subject to Correspondent Account or Payable–Through Account Sanctions (CAPTA List) on OFAC's website (www.treasury.gov/ofac), and published in the Federal Register along with the applicable prohibition or strict condition(s) that have been imposed on such foreign financial institutions under that section.