31 CFR 538.201 - Prohibited transactions involving blocked property. | US Law

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§ 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the possession or control of U.S. persons, including their overseas branches, may be transferred, paid, exported, withdrawn or otherwise dealt in.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.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code

U.S. Code: Title 18 - CRIMES AND CRIMINAL PROCEDURE

§ 2332d - Financial transactions

§ 2339B - Providing material support or resources to designated foreign terrorist organizations

U.S. Code: Title 28 - JUDICIARY AND JUDICIAL PROCEDURE

§ 2461 note - Mode of recovery

U.S. Code: Title 50 - WAR AND NATIONAL DEFENSE

§ 1601 - Termination of existing declared emergencies

§ 1621 - Declaration of national emergency by President; publication in Federal Register; effect on other laws; superseding legislation

§ 1622 - National emergencies

§ 1631 - Declaration of national emergency by Executive order; authority; publication in Federal Register; transmittal to Congress

§ 1641 - Accountability and reporting requirements of President

§ 1651 - Other laws, powers and authorities conferred thereby, and actions taken thereunder; Congressional studies

§ 1701 - Unusual and extraordinary threat; declaration of national emergency; exercise of Presidential authorities

§ 1702 - Presidential authorities

§ 1703 - Consultation and reports

§ 1704 - Authority to issue regulations

§ 1705 - Penalties

§ 1706 - Savings provisions

Statutes at Large

120 Stat. 1869

Presidential Documents

Executive Order ... 13067

Executive Order ... 13412

Title 31 published on 08-Apr-2017 03:32

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 31 CFR Part 538 after this date.

2017-02-10; vol. 82 # 27 - Friday, February 10, 2017

82 FR 10434 - Inflation Adjustment of Civil Monetary Penalties

GPO FDSys XML | Text

Additional Documents

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

Summary

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.

2017-01-17; vol. 82 # 10 - Tuesday, January 17, 2017

82 FR 4793 - Sudanese Sanctions Regulations

GPO FDSys XML | Text

Additional Documents

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

Summary

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.

2016-07-01; vol. 81 # 127 - Friday, July 1, 2016

81 FR 43070 - Implementation of the Federal Civil Penalties Inflation Adjustment Act

GPO FDSys XML | Text

Additional Documents

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.

Summary

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.”

2015-12-07; vol. 80 # 234 - Monday, December 7, 2015

80 FR 75957 - Effectiveness of Licensing Procedures for Exportation of Agricultural Commodities, Medicine, and Medical Devices to Sudan and Iran; Comment Request

GPO FDSys XML | Text

Additional Documents

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

Summary

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.

2015-02-18; vol. 80 # 32 - Wednesday, February 18, 2015

80 FR 8531 - Sudanese Sanctions Regulations

GPO FDSys XML | Text

Additional Documents

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

Summary

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.

2013-09-03; vol. 78 # 170 - Tuesday, September 3, 2013

78 FR 54199 - Effectiveness of Licensing Procedures for Exportation of Agricultural Commodities, Medicine, and Medical Devices to Sudan and Iran; Comment Request

GPO FDSys XML | Text

Additional Documents

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

Summary

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.

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