Code of Federal Regulations Title 31. Money and Finance–Treasury § 31.582.201 Prohibited transactions

All transactions prohibited pursuant to Executive Order 13851 of November 27, 2018 (E.O. 13851), or any further Executive orders issued pursuant to the national emergency declared in E.O. 13851, and any transactions prohibited pursuant to the Nicaragua Human Rights and Anticorruption Act of 2018 (Pub.L. 115–335;  50 U.S.C. 1701 note) (NHRAA), are also prohibited pursuant to this part.

Note 1 to § 582.201:  The names of persons designated pursuant to E.O. 13851, or listed in or designated or identified pursuant to any further Executive orders issued pursuant to the national emergency declared in E.O. 13851, 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 following identifiers:  For E.O. 13851:  “[NICARAGUA]” and for any further Executive orders issued pursuant to the national emergency declared in E.O. 13851:  Using the identifier formulation “[NICARAGUA–E.O. [E.O. number pursuant to which the person's property and interests in property are blocked]]”. The names of persons designated or identified pursuant to NHRAA will be incorporated into the SDN list with the identifier “[NICARAGUA–NHRAA]”. 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 § 582.406 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 § 582.201:  The International Emergency Economic Powers Act (50 U.S.C. 1701–1706), in Section 203 (50 U.S.C. 1702), and the NHRAA, in section 5(d)(1), authorize 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 following identifiers:  For E.O. 13851:  “[BPI–NICARAGUA]”;  for any further Executive orders issued pursuant to the national emergency declared in E.O. 13851:  Using the identifier formulation “[BPI–NICARAGUA–E.O.[E.O. number pursuant to which the person's property and interests in property are blocked pending investigation]]”;  for the NHRAA:  “[BPI–NHRAA]”.

Note 3 to § 582.201:  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, and administrative reconsideration of their status as persons whose property and interests in property are blocked pursuant to this section.