31 CFR 538.201 - Prohibited transactions involving blocked property.
(a) Except as authorized by regulations, orders, directives, rulings, instructions, licenses, or otherwise, no property or interests in property of the Government of Sudan, that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of U.S. persons, including their overseas branches, may be transferred, paid, exported, withdrawn or otherwise dealt in.
(b) Unless otherwise authorized by this part or by a specific license expressly referring to this section, the transfer (including the transfer on the books of any issuer or agent thereof), disposition, transportation, importation, exportation, or withdrawal of, or the endorsement or guaranty of signatures on, or otherwise dealing in any security (or evidence thereof) registered or inscribed in the name of the Government of Sudan, and held within the possession or control of a U.S. person is prohibited, irrespective of the fact that at any time (either prior to, on, or subsequent to the effective date) the registered or inscribed owner thereof may have, or appears to have, assigned, transferred, or otherwise disposed of any such security.
(c) When a transaction results in the blocking of funds at a financial institution pursuant to this section and a party to the transaction believes the funds have been blocked due to mistaken identity, that party may seek to have such funds unblocked pursuant to the administrative procedures set forth in § 501.806 of this chapter.
Title 31 published on 06-Feb-2018 03:53
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 31 CFR Part 538 after this date.
GPO FDSys XML | Text type regulations.gov FR Doc. 2017-01637 RIN DEPARTMENT OF THE TREASURY, Financial Crimes Enforcement Network, Office of Foreign Assets Control Final rule. Effective February 10, 2017. 31 CFR Part 50 The Department of the Treasury (“Department” or “Treasury”) publishes this final rule to adjust its civil monetary penalties (“CMPs”) for inflation as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (collectively referred to herein as “the Act”). This rule adjusts CMPs within the jurisdiction of certain components of the Department to the maximum amount required by the Act.
GPO FDSys XML | Text type regulations.gov FR Doc. 2017-00844 RIN DEPARTMENT OF THE TREASURY, Office of Foreign Assets Control Final rule. Effective: January 17, 2017. 31 CFR Part 538 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is amending the Sudanese Sanctions Regulations to authorize all prohibited transactions, including transactions involving property in which the Government of Sudan has an interest. OFAC is issuing this general license in connection with ongoing U.S.-Sudan bilateral engagement and in response to positive developments in the country over the past six months related to bilateral cooperation, the ending of internal hostilities, regional cooperation, and improvements to humanitarian access.
GPO FDSys XML | Text type regulations.gov FR Doc. 2016-15552 RIN DEPARTMENT OF THE TREASURY, Office of Foreign Assets Control Interim final rule with request for comments. This rule is effective August 1, 2016. Comments must be received on or before August 1, 2016. 31 CFR Parts 501, 535, 536, 537, 538, 539, 541, 542, 543, 544, 546, 547, 548, 549, 560, 561, 566, 576, 588, 592, 593, 594, 595, 597, and 598. The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this interim final rule to amend its regulations for the relevant sanctions programs it administers to implement the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. In particular, this rule adjusts for inflation the maximum amount of the civil monetary penalties that may be assessed under relevant OFAC regulations, including by making conforming changes to OFAC's “Economic Sanctions Enforcement Guidelines.”
GPO FDSys XML | Text type regulations.gov FR Doc. 2015-30787 RIN DEPARTMENT OF THE TREASURY, Office of Foreign Assets Control Request for comments. Written comments should be received on or before January 6, 2016 to be assured of consideration. 31 CFR Parts 538 and 560 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is soliciting comments on the effectiveness of OFAC's licensing procedures for the exportation of agricultural commodities, medicine, and medical devices to Sudan and Iran. Pursuant to section 906(c) of the Trade Sanctions Reform and Export Enhancement Act of 2000 (Title IX of Pub. L. 106-387, 22 U.S.C. 7201 et seq. ) (the “Act”), OFAC is required to submit a biennial report to the Congress on the operation of licensing procedures for such exports.
GPO FDSys XML | Text type regulations.gov FR Doc. 2015-03330 RIN DEPARTMENT OF THE TREASURY, Office of Foreign Assets Control Final rule. Effective: February 18, 2015. 31 CFR Part 538 The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adopting a final rule amending the Sudanese Sanctions Regulations (the “SSR”) by adding a general license pertaining to certain software, hardware, and services incident to personal communications. OFAC is also making other technical and conforming changes.
GPO FDSys XML | Text type regulations.gov FR Doc. 2013-21363 RIN DEPARTMENT OF THE TREASURY, Office of Foreign Assets Control Request for comments. Written comments should be received on or before October 3, 2013 to be assured of consideration. 31 CFR Parts 538 and 560 The Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury is soliciting comments on the effectiveness of OFAC's licensing procedures for the exportation of agricultural commodities, medicine, and medical devices to Sudan and Iran. Pursuant to section 906(c) of the Trade Sanctions Reform and Export Enhancement Act of 2000 (Title IX of Pub. L. 106-387, 22 U.S.C. 7201 et seq. ) (the “Act”), OFAC is required to submit a biennial report to the Congress on the operation of licensing procedures for such exports.
- 31 CFR 538.203 — Holding of Funds in Interest-Bearing Accounts; Investment and Reinvestment.
- 31 CFR 538.406 — Exportation of Services; Performance of Service Contracts; Legal Services.
- 31 CFR 538.301 — Blocked Account; Blocked Property.
- 31 CFR 538.409 — Transshipments Through the United States Prohibited.
- 31 CFR 538.404 — Setoffs Prohibited.
- 31 CFR 538.408 — Offshore Transactions.
- 31 CFR 538.212 — Exempt Transactions.
- 31 CFR 538.528 — Noncommercial, Personal Remittances.
- 31 CFR 538.202 — Effect of Transfers Violating the Provisions of This Part.
- 31 CFR 538.540 — All Transactions Authorized; Government of Sudan Property Unblocked.