blocked account

The terms blocked account and blocked property shall mean any account or property subject to the prohibitions in 542.201 held in the name of the Government of Syria or any other person whose property and interests in property are blocked pursuant to 542.201, or in which such person has an interest, and with respect to which payments, transfers, exportations, withdrawals, or other dealings may not be made or effected except pursuant to an authorization or license from OFAC expressly authorizing such action.

Source

31 CFR § 542.301


Scoping language

None
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