§ 590.406 - Offshore transactions involving blocked property.

§ 590.406 Entities owned by a person whose property and interests in property are blocked.

A person whose property and interests in property are blocked pursuant to § 590.201 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 § 590.201, regardless of whether the entity itself is listed in the Annex or designated pursuant to Executive Order 13581

Offshore transactions involving blocked property.

The prohibitions in § 590.201 on transactions or dealings involving blocked property, as defined in § 590.301, apply to transactions by any U.S. person in a location outside the United States.