§ 536.407 - Offshore transactions involving blocked property.

§ 536.407 Offshore transactions involving blocked property.

The prohibitions contained in § 536.201 on transactions or dealings involving blocked property, as defined in § 536.301, apply to transactions by any U.S. persons person in locations a location outside the United States with respect to property which the U.S. person knows, or has reason to know, is held in the name of a specially designated narcotics trafficker, or in which the U.S. person knows, or has reason to know, a specially designated narcotics trafficker has or has had an interest since the effective date. .

[86 FR 26665, May 17, 2021]