blocked account

The terms blocked account and blocked property shall mean any account or property subject to the prohibitions in 579.201 held in the name of a person whose property and interests in property are blocked pursuant to 579.201, 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 a license or other authorization from OFAC expressly authorizing such action.


31 CFR § 579.301

Scoping language

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