Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 31 - Money and Finance: Treasury |
Subtitle B - Regulations Relating to Money and Finance |
Chapter V - Office of Foreign Assets Control, Department of the Treasury |
Part 584 - Magnitsky Act Sanctions Regulations |
Subpart D - Interpretations |
§ 584.410 - Entities owned by one or more persons whose property and interests in property are blocked.
Latest version.
-
§ 584.410 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 § 584.201(a) have an interest in all property and interests in property of an entity in which such blocked 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 § 584.201(a), regardless of whether the name of the entity is incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List).
[82 FR 60508, Dec. 21, 2017, as amended at 87 FR 78479, Dec. 21, 2022]