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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 31 - Money and Finance: Treasury |
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Subtitle B - Regulations Relating to Money and Finance |
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Chapter V - Office of Foreign Assets Control, Department of the Treasury |
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Part 560 - Iranian Transactions and Sanctions Regulations |
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Subpart D - Interpretations |
§ 560.425 - Entities owned by one or more persons whose property and interests in property are blocked.
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§ 560.425 Entities owned by a person one or more persons whose property and interests in property are blocked.
A personhas(a) Persons whose property and interests in property are blocked pursuant to § 560.211
it owns,have an interest in all property and interests in property of an entity in which
designatedsuch 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 § 560.211, regardless of whether the entity itself is
identified as a person whose property and interests in property are blocked pursuant to § 560.211.
(b) This section, which deals with the consequences of ownership of entities, in no way limits the definition of the Government of Iran in § 560.304.
[87 FR 78477, Dec. 21, 2022]