31 CFR 561.405 – Entities owned by a person whose property and interests in property are blocked
Current as of: 2024 | Check for updates
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A person whose property and interests in property are blocked pursuant to the International Emergency Economic Powers Act (50 U.S.C. § 1701 et seq.) 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. 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 the International Emergency Economic Powers Act (50 U.S.C. § 1701 et seq.), regardless of whether the entity itself is listed on the Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons List.