31 CFR 595.504 - Investment and reinvestment of certain funds.

§ 595.504 Investment and reinvestment of certain funds.

(a) U.S. financial institutions are hereby authorized and directed to invest and reinvest assets held in blocked accounts in the name of a specially designated terrorist, subject to the following conditions:

(1) The assets representing such investments and reinvestments are credited to a blocked account or sub-account which is in the name of the specially designated terrorist and which is located in the United States or within the possession or control of a U.S. person; and

(2) The proceeds of such investments and reinvestments are not credited to a blocked account or sub-account under any name or designation which differs from the name or designation of the specific blocked account or sub-account in which such funds or securities were held; and

(3) No immediate financial or economic benefit or access accrues (e.g., through pledging or other use) to the specially designated terrorist.

(b)

(1) U.S. persons seeking to avail themselves of this authorization must register with the Office of Foreign Assets Control, Blocked Assets Section, before undertaking transactions authorized under this section.

(2) Transactions conducted pursuant to this section must be reported to the Office of Foreign Assets Control, Blocked Assets Division, in a report filed no later than 10 business days following the last business day of the month in which the transactions occurred.

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 3 - THE PRESIDENT

§ 301 - General authorization to delegate functions; publication of delegations

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

§ 2461 note - Mode of recovery

U.S. Code: Title 31 - MONEY AND FINANCE

§ 321 - General authority of the Secretary

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

121 Stat. 1011

Public Laws

101-410

Presidential Documents

Executive Order ... 12947

Executive Order ... 13009

Executive Order ... 13372

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 595 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.

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.”

2013-06-27; vol. 78 # 124 - Thursday, June 27, 2013

78 FR 38574 - Technical Amendments to Counter-Terrorism Sanctions Regulations Implemented by OFAC

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2013-15424
RIN

DEPARTMENT OF THE TREASURY, Office of Foreign Assets Control

Final rule.

Effective: June 27, 2013.

31 CFR Parts 594, 595, and 597

Summary

The Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury is amending the Global Terrorism Sanctions Regulations and the Terrorism Sanctions Regulations (the “TSR”) to clarify the scope of prohibitions on the making of donations contained in the underlying Executive orders and that a person whose property and interests in property are blocked pursuant to those programs has an interest in all property and interests in property of an entity in which it owns, directly or indirectly, a 50 percent or greater interest. In addition, OFAC is amending the TSR to add a definition of the term “financial, material, or technological support” and to set at 180 days the maximum term of maturity for instruments in which funds may be invested or held within a blocked interest-bearing account. Finally, OFAC is correcting a clerical error within the Foreign Terrorist Organizations Sanctions Regulations.