blocked account

The terms blocked account and blocked property shall mean any account or property subject to the prohibitions in 548.201 held in the name of a person whose property and interests in property are blocked pursuant to 548.201, 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 the Office of Foreign Assets Control expressly authorizing such action.


31 CFR § 548.301

Scoping language

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