[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR597.303]



[Page 484]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 597_FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS--Table 

of Contents

 

                      Subpart C_General Definitions

 

Sec. 597.303  Blocked account; blocked funds.



    The terms blocked account and blocked funds shall mean any account 

or funds subject to the prohibitions in Sec. 597.201 held in the name 

of a foreign terrorist organization or its agent or in which a foreign 

terrorist organization or its agent has an interest, and with respect to 

which payments, transfers, exportations, withdrawals, or other dealings 

may not be made or effected except pursuant to an authorization or 

license from the Office of Foreign Assets Control authorizing such 

action.