31 C.F.R. § 562.406

Current through October 31, 2024
Section 562.406 - Entities owned by one or more persons whose property and interests in property are blocked

Persons whose property and interests in property are blocked pursuant to § 562.201 have an interest in all property and interests in property of an entity in which such persons directly or indirectly own, whether individually or in the aggregate, a 50 percent or greater interest. The property and interests in property of such an entity, therefore, are blocked, and such an entity is a person whose property and interests in property are blocked pursuant to § 562.201 , regardless of whether the name of the entity is incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List).

31 C.F.R. §562.406

87 FR 78477 , Dec. 21, 2022
87 FR 78477, 12/21/2022