31 C.F.R. § 558.411

Current through September 30, 2024
Section 558.411 - Entities owned by one or more persons whose property and interests in property are blocked

Persons whose property and interests in property are blocked pursuant to § 558.201 have an interest in all property and interests in property of an entity in which such persons directly or indirectly own, whether individually or in the aggregate, a 50 percent or greater interest. The property and interests in property of such an entity, therefore, are blocked, and such an entity is a person whose property and interests in property are blocked pursuant to § 558.201 , regardless of whether the name of the entity is incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List).

31 C.F.R. §558.411

88 FR 31612, 5/18/2023