Federal Register / Vol. 89, No. 219 / Wednesday, November 13, 2024 / Rules and Regulations 89481 

Lists of Subjects in 14 CFR Part 97 

Air traffic control, Airports, 

Incorporation by reference, Navigation 

(air). 

Issued in Washington, DC, on October 25, 

2024. 

Thomas J. Nichols, 

Standards Section Manager, Flight 

Procedures and Airspace Group, Flight 

Technologies and Procedures Division, Office 

of Safety Standards, Flight Standards Service, 

Aviation Safety, Federal Aviation 

Administration. 

Adoption of the Amendment 

Accordingly, pursuant to the 

authority delegated to me, 14 CFR part 

97 is amended by establishing, 

amending, suspending, or removing 

Standard Instrument Approach 

Procedures and/or Takeoff Minimums 

and Obstacle Departure Procedures 

effective at 0901 UTC on the dates 

specified, as follows: 

Part 97—STANDARD INSTRUMENT 

APPROACH PROCEDURES 

■ 1. The authority citation for part 97 

continues to read as follows: 

Authority: 49 U.S.C. 106(f), 106(g), 40103, 

40106, 40113, 40114, 40120, 44502, 44514, 

44701, 44719, 44721–44722. 

■ 2. Part 97 is amended to read as 

follows: 

Effective 28 November 2024 

Old Town, ME, OLD, RNAV (GPS) RWY 12, 

Amdt 2 

Old Town, ME, OLD, RNAV (GPS) RWY 30, 

Amdt 2 

Old Town, ME, KOLD, Takeoff Minimums 

and Obstacle DP, Amdt 1A 

Stanley, ND, 08D, RNAV (GPS) RWY 10, Orig 

Stanley, ND, 08D, RNAV (GPS) RWY 28, 

Amdt 3 

Effective 26 December 2024 

Okeechobee, FL, OBE, RNAV (GPS) RWY 5, 

Amdt 1E 

Adel, GA, 15J, RNAV (GPS) RWY 5, Amdt 2A 

Adel, GA, 15J, RNAV (GPS) RWY 23, Amdt 

2A 

Griffin, GA, 6A2, RNAV (GPS) RWY 14, 

Amdt 1 

Statesboro, GA, TBR, ILS OR LOC RWY 32, 

Amdt 4A 

Peoria, IL, PIA, ILS OR LOC RWY 31, Amdt 

8 

Peoria, IL, PIA, VOR Z OR TACAN Z RWY 

31, Amdt 10 

Springfield, KY, 6I2, VOR/DME RWY 11, 

Amdt 4D, CANCELED 

Thibodaux, LA, L83, RNAV (GPS) RWY 8, 

Orig 

Thibodaux, LA, L83, VOR OR GPS–A, Amdt 

1C, CANCELED 

Detroit, MI, DET, ILS OR LOC RWY 15, Amdt 

12 

Detroit, MI, DET, ILS OR LOC RWY 33, Amdt 

16 

Detroit, MI, DET, RNAV (GPS) RWY 15, 

Amdt 1 

Detroit, MI, DET, RNAV (GPS) RWY 33, 

Amdt 1 

Detroit, MI, KDET, Takeoff Minimums and 

Obstacle DP, Amdt 7B 

South Haven, MI, LWA, RNAV (GPS) RWY 

5, Amdt 1F 

South Haven, MI, LWA, RNAV (GPS) RWY 

23, Amdt 1G 

Winona, MS, 5A6, RNAV (GPS) RWY 3, 

Amdt 1C 

Winona, MS, 5A6, RNAV (GPS) RWY 21, 

Amdt 1C 

Ravenna, OH, POV, RNAV (GPS) RWY 9, 

Amdt 1 

Ravenna, OH, POV, RNAV (GPS) RWY 27, 

Amdt 2 

Ravenna, OH, POV, VOR–A, Amdt 7 

Sand Springs, OK, KOWP, Takeoff 

Minimums and Obstacle DP, Amdt 4 

Connellsville, PA, VVS, LOC RWY 5, Amdt 

4D 

Pittsburgh, PA, PIT, ILS OR LOC RWY 10R, 

ILS RWY 10R (SA CAT I), ILS RWY 10R 

(CAT II), ILS RWY 10R (CAT III), Amdt 11 

Pittsburgh, PA, PIT, RNAV (GPS) RWY 10L, 

Amdt 5 

Pittsburgh, PA, PIT, RNAV (GPS) RWY 14, 

Amdt 4 

Pittsburgh, PA, PIT, RNAV (GPS) Y RWY 

10C, Amdt 5 

Pittsburgh, PA, PIT, RNAV (GPS) Y RWY 

10R, Amdt 4 

Pittsburgh, PA, PIT, RNAV (RNP) Z RWY 

10C, Amdt 1 

Pittsburgh, PA, PIT, RNAV (RNP) Z RWY 

10R, Amdt 1 

Selinsgrove, PA, SEG, RNAV (GPS) RWY 17, 

Amdt 1B 

Selinsgrove, PA, SEG, RNAV (GPS) RWY 35, 

Amdt 1 

Mount Pleasant, SC, LRO, RNAV (GPS) RWY 

17, Orig-F 

Mount Pleasant, SC, LRO, RNAV (GPS) RWY 

35, Orig-G 

Crossville, TN, CSV, ILS Y OR LOC Y RWY 

26, Amdt 1 

Crossville, TN, CSV, ILS Z OR LOC Z RWY 

26, Amdt 15 

Crossville, TN, CSV, RNAV (GPS) RWY 8, 

Orig 

Crossville, TN, CSV, RNAV (GPS) RWY 26, 

Amdt 1 

Crossville, TN, CSV, VOR–A, Amdt 9B, 

CANCELED 

Paris, TN, PHT, RNAV (GPS) RWY 20, Amdt 

1C 

Giddings, TX, GYB, VOR/DME–A, Amdt 3B, 

CANCELED 

Greenville, TX, GVT, RNAV (GPS) RWY 17, 

Amdt 3 

Greenville, TX, GVT, RNAV (GPS) RWY 35, 

Amdt 2 

[FR Doc. 2024–26153 Filed 11–12–24; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

31 CFR Part 525 

Burma Sanctions Regulations 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Final rule. 

SUMMARY: The Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is adopting a final rule 

amending the Burma Sanctions 

Regulations to further implement a 

February 10, 2021, Burma-related 

Executive Order. This rule replaces the 

Burma Sanctions Regulations that were 

published in abbreviated form on June 

1, 2021 with a more comprehensive set 

of regulations that includes additional 

interpretive guidance and definitions, 

general licenses, and other regulatory 

provisions that will provide further 

guidance to the public. In addition, this 

amendment incorporates one directive 

regarding sectoral sanctions issued 

pursuant to the Burma-related Executive 

Order of February 10, 2021. 

DATES: This rule is effective November 

13, 2024. 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Assistant Director for Licensing, 

202–622–2480; Assistant Director for 

Regulatory Affairs, 202–622–4855; or 

Assistant Director for Compliance, 202– 

622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

This document and additional 

information concerning OFAC are 

available on OFAC’s website: https://

ofac.treasury.gov. 

Background 

On June 1, 2021, OFAC issued the 

Burma Sanctions Regulations, 31 CFR 

part 525 (86 FR 29197, June 1, 2021) 

(the ‘‘Regulations’’), to implement 

Executive Order (E.O.) 14014 of 

February 10, 2021, ‘‘Blocking Property 

With Respect to the Situation in Burma’’ 

(86 FR 9429, February 12, 2021), 

pursuant to authorities delegated to the 

Secretary of the Treasury in E.O. 14014. 

The Regulations were initially issued in 

abbreviated form for the purpose of 

providing immediate guidance to the 

public. OFAC is revising the 

Regulations to further implement E.O. 

14014. OFAC is amending and reissuing 

the Regulations as a more 

comprehensive set of regulations that 

includes additional interpretive 

guidance and definitions, general 

licenses, and other regulatory provisions 

that will provide further guidance to the 

public. Due to the number of regulatory 

sections being updated or added, OFAC 

is reissuing the Regulations in their 

entirety. 

E.O. 14014 

On February 10, 2021, the President, 

invoking the authority of, inter alia, the 

International Emergency Economic 


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89482 Federal Register / Vol. 89, No. 219 / Wednesday, November 13, 2024 / Rules and Regulations 

Powers Act (50 U.S.C. 1701 et seq.) 

(IEEPA), issued E.O. 14014. In E.O. 

14014, the President found that the 

situation in and in relation to Burma, 

and in particular the February 1, 2021 

coup, in which the military overthrew 

the democratically elected civilian 

government of Burma and unjustly 

arrested and detained government 

leaders, politicians, human rights 

defenders, journalists, and religious 

leaders, thereby rejecting the will of the 

people of Burma as expressed in 

elections held in November 2020 and 

undermining the country’s democratic 

transition and rule of law, constituted 

an unusual and extraordinary threat to 

the national security and foreign policy 

of the United States, and declared a 

national emergency to deal with that 

threat. 

Section 1 of E.O. 14014 blocks, with 

certain exceptions, all property and 

interests in property that are in the 

United States, that come within the 

United States, or that are or come within 

the possession or control of any U.S. 

person of: any person determined by the 

Secretary of the Treasury, in 

consultation with the Secretary of State: 

(i) to operate in the defense sector of the 

Burmese economy or any other sector of 

the Burmese economy as may be 

determined by the Secretary of the 

Treasury, in consultation with the 

Secretary of State; (ii) to be responsible 

for or complicit in, or to have directly 

or indirectly engaged or attempted to 

engage in, any of the following: (A) 

actions or policies that undermine 

democratic processes or institutions in 

Burma; (B) actions or policies that 

threaten the peace, security, or stability 

of Burma; (C) actions or policies that 

prohibit, limit, or penalize the exercise 

of freedom of expression or assembly by 

people in Burma, or that limit access to 

print, online, or broadcast media in 

Burma; or (D) the arbitrary detention or 

torture of any person in Burma or other 

serious human rights abuse in Burma; 

(iii) to be or have been a leader or 

official of: (A) the military or security 

forces of Burma, or any successor entity 

to any of the foregoing; (B) the 

Government of Burma on or after 

February 2, 2021; (C) an entity that has, 

or whose members have, engaged in any 

activity described in section (1)(a)(ii) of 

E.O. 14014 relating to the leader’s or 

official’s tenure; or (D) an entity whose 

property and interests in property are 

blocked pursuant to E.O. 14014 as a 

result of activities related to the leader’s 

or official’s tenure; (iv) to be a political 

subdivision, agency, or instrumentality 

of the Government of Burma; (v) to be 

a spouse or adult child of any person 

whose property and interests in 

property are blocked pursuant to E.O. 

14014; (vi) to have materially assisted, 

sponsored, or provided financial, 

material, or technological support for, or 

goods or services to or in support of any 

person whose property and interests in 

property are blocked pursuant to E.O. 

14014; or (vii) to be owned or controlled 

by, or to have acted or purported to act 

for or on behalf of, directly or indirectly, 

the military or security forces of Burma 

or any person whose property and 

interests in property are blocked 

pursuant to E.O. 14014. The blocked 

property and interests in property of the 

persons described above may not be 

transferred, paid, exported, withdrawn, 

or otherwise dealt in. 

Section 2 of E.O. 14014 provides that 

the prohibition on any transaction or 

dealing in blocked property or interests 

in property includes the making of any 

contribution or provision of funds, 

goods, or services by, to, or for the 

benefit of any person whose property 

and interests in property are blocked 

pursuant to E.O. 14014, and the receipt 

of any contribution or provision of 

funds, goods, or services from any such 

person. 

Section 4 of E.O. 14014 prohibits any 

transaction that evades or avoids, has 

the purpose of evading or avoiding, 

causes a violation of, or attempts to 

violate any of the prohibitions set forth 

in E.O. 14014, as well as any conspiracy 

formed to violate such prohibitions. 

In section 5 of E.O. 14014, the 

President determined that the making of 

donations of the types of articles 

specified in section 203(b)(2) of IEEPA 

(50 U.S.C. 1702(b)(2)), by, to, or for the 

benefit of any person whose property 

and interests in property are blocked 

pursuant to E.O. 14014 would seriously 

impair the President’s ability to deal 

with the national emergency declared in 

E.O. 14014. The President therefore 

prohibited the donation of such items 

except to the extent provided by 

statutes, or in regulations, rulings, 

instructions, orders, directives, or 

licenses that may be issued pursuant to 

E.O. 14014. 

Section 8 of E.O. 14014 authorizes the 

Secretary of the Treasury, in 

consultation with the Secretary of State, 

to take such actions, including the 

promulgation of rules and regulations, 

and to employ all powers granted to the 

President by IEEPA as may be necessary 

to carry out the purposes of E.O. 14014. 

Section 8 of E.O. 14014 also provides 

that the Secretary of the Treasury may 

redelegate any of these functions within 

the Department of the Treasury. 

Directive 1 Under E.O. 14014 

On October 31, 2023, OFAC issued 

‘‘Directive 1 Under E.O. 14014’’ (89 FR 

27668, April 18, 2024) (‘‘Directive 1’’) 

following the Director of OFAC’s 

determination, in consultation with the 

Department of State, that sections 

1(a)(iv), 1(b), and 8 of E.O. 14014 apply 

to Myanma Oil and Gas Enterprise 

(MOGE) as a political subdivision, 

agency, or instrumentality of the 

Government of Burma. Directive 1 

prohibits the provision, exportation, or 

reexportation, directly or indirectly, of 

financial services to or for the benefit of 

MOGE or its property or interests in 

property. Directive 1 also prohibits: (a) 

any transaction that evades or avoids, 

has the purpose of evading or avoiding, 

causes a violation of, or attempts to 

violate any of the prohibitions 

contained in Directive 1; and (b) any 

conspiracy formed to violate any of the 

prohibitions in Directive 1. 

Current Regulatory Action 

In furtherance of the purposes of E.O. 

14014, OFAC is revising 31 CFR part 

525. The Regulations implement 

targeted sanctions that are directed at 

persons determined to meet the criteria 

set forth in §§ 525.201 and 525.202 of 

the Regulations, as well as sanctions 

that may be set forth in any further 

Executive orders issued pursuant to the 

national emergency declared in E.O. 

14014. The sanctions in E.O. 14014 do 

not generally prohibit trade or the 

provision of banking or other financial 

services to the country of Burma. 

Instead, the sanctions in E.O. 14014 

apply where the transaction or service 

in question involves property or 

interests in property that are blocked 

pursuant to these sanctions or are 

otherwise specifically prohibited. 

Subpart A of the Regulations clarifies 

the relation of this part to other laws 

and regulations, refers to subpart C of 

part 501 for recordkeeping and reporting 

requirements, refers to subpart E of part 

501 for applicable provisions relating to 

administrative procedures, contains a 

delegation of certain authorities of the 

Secretary of the Treasury, and sets forth 

a Paperwork Reduction Act notice. 

Subpart B of the Regulations 

implements the prohibitions contained 

in sections 1 and 2 of E.O. 14014, as 

well as the prohibitions contained in 

any further Executive orders issued 

pursuant to the national emergency 

declared in E.O. 14014. See, e.g., 

§§ 525.201, 525.202, and 525.208. 

Persons designated by or under the 

authority of the Secretary of the 

Treasury pursuant to E.O. 14014, or 

otherwise blocked pursuant to E.O. 


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Federal Register / Vol. 89, No. 219 / Wednesday, November 13, 2024 / Rules and Regulations 89483 

14014, as well as persons who are 

blocked pursuant to any further 

Executive orders issued pursuant to the 

national emergency declared in E.O. 

14014, are referred to throughout the 

Regulations as ‘‘persons whose property 

and interests in property are blocked 

pursuant to § 525.201.’’ The names of 

persons designated or identified as 

blocked pursuant to E.O. 14014, or any 

further Executive orders issued 

pursuant to the national emergency 

declared therein are published on 

OFAC’s Specially Designated Nationals 

and Blocked Persons List (SDN List), 

which is accessible via OFAC’s website. 

Those names also are published in the 

Federal Register as they are added to 

the SDN List. 

Section 525.202 of subpart B 

implements Directive 1. Sections 

525.203 and 525.204 of subpart B detail 

the effect of transfers of blocked 

property in violation of the Regulations 

and set forth the requirement to hold 

blocked funds, such as currency, bank 

deposits, or liquidated financial 

obligations, in interest-bearing blocked 

accounts. Section 525.205 of subpart B 

provides that all expenses incident to 

the maintenance of blocked tangible 

property shall be the responsibility of 

the owners and operators of such 

property, and that such expenses shall 

not be met from blocked funds, unless 

otherwise authorized. The section 

further provides that blocked property 

may, in OFAC’s discretion, be sold or 

liquidated and the net proceeds placed 

in a blocked interest-bearing account in 

the name of the owner of the property. 

Section 525.206 of subpart B prohibits 

any transaction that evades or avoids, 

has the purpose of evading or avoiding, 

causes a violation of, or attempts to 

violate any of the prohibitions set forth 

in the Regulations, and any conspiracy 

formed to violate such prohibitions. 

Section 525.207 of subpart B details 

transactions that are exempt from the 

prohibitions of the Regulations pursuant 

to section 203(b) of IEEPA (50 U.S.C. 

1702(b)). 

In subpart C of the Regulations, new 

definitions are being added to other key 

terms used throughout the Regulations. 

Because these new definitions were 

inserted in alphabetical order, the 

definitions that were in the prior 

abbreviated set of regulations have been 

renumbered. Similarly, in subpart D, 

which contains interpretive sections 

regarding the Regulations, certain 

provisions have been renumbered and 

others added to those in the prior 

abbreviated set of regulations. Section 

525.411 of subpart D explains that the 

property and interests in property of an 

entity are blocked if the entity is 

directly or indirectly owned, whether 

individually or in the aggregate, 50 

percent or more by one or more persons 

whose property and interests in 

property are blocked, whether or not the 

entity itself is incorporated into OFAC’s 

SDN List. 

Transactions otherwise prohibited by 

the Regulations but found to be 

consistent with U.S. policy may be 

authorized by one of the general 

licenses contained in subpart E of the 

Regulations or by a specific license 

issued pursuant to the procedures 

described in subpart E of 31 CFR part 

501. OFAC is updating § 525.502 to 

conform with current OFAC statements 

of licensing policy and renumbering the 

general licenses at §§ 525.506 through 

525.510 as §§ 525.507 through 525.511, 

respectively. OFAC is adding § 525.506, 

which authorizes the investment and 

reinvestment of assets blocked pursuant 

to § 525.201, subject to the certain 

conditions. OFAC is updating the 

renumbered § 525.508, which 

authorizes payment for legal services 

from funds originating outside the 

United States. OFAC is updating and 

renumbering the general license at 

§ 525.512 as § 525.513. OFAC is also 

adding § 525.512 to incorporate Burma 

General License 3, which authorizes 

certain transactions in support of 

nongovernmental organizations’ 

activities, was previously issued on 

OFAC’s website on March 25, 2021, and 

will be removed upon publication of 

this rule. General licenses and 

statements of licensing policy relating to 

this part also may be available through 

the Burma sanctions page on OFAC’s 

website: https://ofac.treasury.gov. 

Subpart G of the Regulations 

describes the civil and criminal 

penalties applicable to violations of the 

Regulations, as well as the procedures 

governing the potential imposition of a 

civil monetary penalty or issuance of a 

Finding of Violation. Subpart G also 

refers to appendix A of part 501 for a 

more complete description of these 

procedures. 

Public Participation 

Because the Regulations involve a 

foreign affairs function, the provisions 

of E.O. 12866 of September 30, 1993, 

‘‘Regulatory Planning and Review’’ (58 

FR 51735, October 4, 1993), as 

amended, and the Administrative 

Procedure Act (5 U.S.C. 553) requiring 

notice of proposed rulemaking, 

opportunity for public participation, 

and delay in effective date are 

inapplicable. Because no notice of 

proposed rulemaking is required for this 

rule, the Regulatory Flexibility Act (5 

U.S.C. 601–612) does not apply. 

Paperwork Reduction Act 

The collections of information related 

to the Regulations are contained in 31 

CFR part 501 (the ‘‘Reporting, 

Procedures and Penalties Regulations’’). 

Pursuant to the Paperwork Reduction 

Act of 1995 (44 U.S.C. 3507), those 

collections of information have been 

approved by the Office of Management 

and Budget under control number 1505– 

0164. An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid control number. 

List of Subjects in 31 CFR Part 525 

Administrative practice and 

procedure, Banks, Banking, Blocking of 

assets, Burma, Credit, Foreign trade, 

Penalties, Reporting and recordkeeping 

requirements, Sanctions, Securities, 

Services. 

■ For the reasons set forth in the 

preamble, OFAC revises 31 CFR part 

525 to read as follows: 

PART 525—BURMA SANCTIONS 

REGULATIONS 

Sec. 

Subpart A—General Provisions 

525.101 Relation of this part to other laws 

and regulations. 

525.102 Records and reports. 

525.103 Procedures. 

525.104 Paperwork Reduction Act notice. 

525.105 [Reserved] 

525.106 Delegation of certain authorities of 

the Secretary of the Treasury. 

Subpart B—Prohibitions 

525.201 Prohibited transactions. 

525.202 Prohibited transactions related to 

financial services to or for the benefit of 

Myanma Oil and Gas Enterprise (MOGE) 

(Directive 1). 

525.203 Effect of transfers violating the 

provisions of this part. 

525.204 Holding of funds in interestbearing accounts; investment and 

reinvestment. 

525.205 Expenses of maintaining blocked 

tangible property; liquidation of blocked 

property. 

525.206 Evasions; attempts; causing 

violations; conspiracies. 

525.207 Exempt transactions. 

Subpart C—General Definitions 

525.300 Applicability of definitions. 

525.301 Blocked account; blocked property. 

525.302 Effective date. 

525.303 Entity. 

525.304 Financial, material, or 

technological support. 

525.305 Financial services. 

525.306 Foreign person. 

525.307 Government of Burma. 

525.308 Reserved. 

525.309 Interest. 

525.310 Licenses; general and specific. 


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89484 Federal Register / Vol. 89, No. 219 / Wednesday, November 13, 2024 / Rules and Regulations 

525.311 OFAC. 

525.312 Person. 

525.313 Property; property interest. 

525.314 Transfer. 

525.315 United States. 

525.316 United States person; U.S. person. 

525.317 U.S. financial institution. 

Subpart D—Interpretations 

525.401 Reference to amended sections. 

525.402 Effect of amendment. 

525.403 Termination and acquisition of an 

interest in blocked property. 

525.404 Transactions ordinarily incident to 

a licensed transaction. 

525.405 Provision and receipt of services. 

525.406 Offshore transactions involving 

blocked property. 

525.407 Payments from blocked accounts to 

satisfy obligations prohibited. 

525.408 Charitable contributions. 

525.409 Credit extended and cards issued 

by financial institutions to a person 

whose property and interests in property 

are blocked. 

525.410 Setoffs prohibited. 

525.411 Entities owned by one or more 

persons whose property and interests in 

property are blocked. 

525.412 Entities of which one or more 

blocked persons is a member, leader, 

official, senior executive officer, or 

otherwise exercises control. 

Subpart E—Licenses, Authorizations, and 

Statements of Licensing Policy 

525.501 General and specific licensing 

procedures. 

525.502 Effect of license or other 

authorization. 

525.503 Exclusion from licenses. 

525.504 Payments and transfers to blocked 

accounts in U.S. financial institutions. 

525.505 Entries in certain accounts for 

normal service charges. 

525.506 Investment and reinvestment of 

certain funds. 

525.507 Provision of certain legal services. 

525.508 Payments for legal services from 

funds originating outside the United 

States. 

525.509 Emergency medical services. 

525.510 Official business of the United 

States Government. 

525.511 Official business of certain 

international organizations and entities. 

525.512 Certain transactions in support of 

nongovernmental organizations’ 

activities. 

525.513 Transactions related to the 

provision of agricultural commodities, 

medicine, medical devices, replacement 

parts and components, or software 

updates for personal, non-commercial 

use. 

Subpart F—[Reserved] 

Subpart G—Penalties and Findings of 

Violation 

525.701 Penalties. 

525.702 Pre-Penalty Notice; settlement. 

525.703 Penalty imposition. 

525.704 Administrative collection; referral 

to United States Department of Justice. 

525.705 Findings of Violation. 

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 

50 U.S.C. 1601–1651, 1701–1706; 28 U.S.C. 

2461 note (Pub. L. 101–410, 104 Stat. 890, as 

amended); E.O. 14014, 86 FR 9429, 3 CFR, 

2021 Comp., p. 514. 

Subpart A—General Provisions 

§ 525.101 Relation of this part to other 

laws and regulations. 

This part is separate from, and 

independent of, the other parts of this 

chapter, with the exception of part 501 

of this chapter, the recordkeeping and 

reporting requirements and license 

application and other procedures, 

which applies to this part. Actions taken 

pursuant to part 501 of this chapter with 

respect to the prohibitions contained in 

this part are considered actions taken 

pursuant to this part. Differing foreign 

policy and national security 

circumstances may result in differing 

interpretations of similar language 

among the parts of this chapter. No 

license or authorization contained in or 

issued pursuant to those other parts 

authorizes any transaction prohibited by 

this part. No license or authorization 

contained in or issued pursuant to any 

other provision of law or regulation 

authorizes any transaction prohibited by 

this part. No license or authorization 

contained in or issued pursuant to this 

part relieves the involved parties from 

complying with any other applicable 

laws or regulations. 

§ 525.102 Records and reports. 

For provisions relating to required 

records and reports, see part 501, 

subpart C, of this chapter. 

Recordkeeping and reporting 

requirements imposed by part 501 of 

this chapter with respect to the 

prohibitions contained in this part are 

considered requirements arising 

pursuant to this part. 

§ 525.103 Procedures. 

For license application procedures 

and procedures relating to amendments, 

modifications, or revocations of 

licenses; administrative decisions; 

rulemaking; and requests for documents 

pursuant to the Freedom of Information 

and Privacy Acts (5 U.S.C. 552 and 

552a), see part 501, subpart E, of this 

chapter. 

§ 525.104 Paperwork Reduction Act notice. 

For approval by the Office of 

Management and Budget (OMB) under 

the Paperwork Reduction Act of 1995 

(44 U.S.C. 3507) of information 

collections relating to recordkeeping 

and reporting requirements, licensing 

procedures, and other procedures, see 

§ 501.901 of this chapter. An agency 

may not conduct or sponsor, and a 

person is not required to respond to, a 

collection of information unless it 

displays a valid control number 

assigned by OMB. 

§ 525.105 [Reserved] 

§ 525.106 Delegation of certain authorities 

of the Secretary of the Treasury. 

Any action that the Secretary of the 

Treasury is authorized to take pursuant 

to E.O. 14014 of February 10, 2021 and 

any further Executive orders relating to 

the national emergency declared therein 

may be taken by the Director of OFAC 

or by any other person to whom the 

Secretary of the Treasury has delegated 

authority so to act. 

Subpart B—Prohibitions 

§ 525.201 Prohibited transactions. 

(a) E.O. 14014. All property and 

interests in property that are in the 

United States, that come within the 

United States, or that are or come within 

the possession or control of any U.S. 

person of the following persons are 

blocked and may not be transferred, 

paid, exported, withdrawn, or otherwise 

dealt in: 

(1) Any person determined by the 

Secretary of the Treasury, in 

consultation with the Secretary of State: 

(i) To operate in the defense sector of 

the Burmese economy, the jet fuel sector 

of the Burmese economy, or any other 

sector of the Burmese economy as may 

be determined by the Secretary of the 

Treasury, in consultation with the 

Secretary of State; 

(ii) To be responsible for or complicit 

in, or to have directly or indirectly 

engaged or attempted to engage in, any 

of the following: 

(A) Actions or policies that 

undermine democratic processes or 

institutions in Burma; 

(B) Actions or policies that threaten 

the peace, security, or stability of 

Burma; 

(C) Actions or policies that prohibit, 

limit, or penalize the exercise of 

freedom of expression or assembly by 

people in Burma, or that limit access to 

print, online, or broadcast media in 

Burma; or 

(D) The arbitrary detention or torture 

of any person in Burma or other serious 

human rights abuse in Burma; 

(iii) To be or have been a leader or 

official of: 

(A) The military or security forces of 

Burma, or any successor entity to any of 

the foregoing; 

(B) The Government of Burma on or 

after February 2, 2021; 

(C) An entity that has, or whose 

members have, engaged in any activity 

described in paragraph (a)(1)(ii) of this 


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section relating to the leader’s or 

official’s tenure; or 

(D) An entity whose property and 

interests in property are blocked 

pursuant to this paragraph (a)(1) as a 

result of activities related to the leader’s 

or official’s tenure; 

(iv) To be a political subdivision, 

agency, or instrumentality of the 

Government of Burma; 

(v) To be a spouse or adult child of 

any person whose property and interests 

in property are blocked pursuant to this 

paragraph (a)(1); 

(vi) To have materially assisted, 

sponsored, or provided financial, 

material, or technological support for, or 

goods or services to or in support of any 

person whose property and interests in 

property are blocked pursuant to this 

paragraph (a)(1); or 

(vii) To be owned or controlled by, or 

to have acted or purported to act for or 

on behalf of, directly or indirectly, the 

military or security forces of Burma or 

any person whose property and interests 

in property are blocked pursuant to this 

paragraph (a)(1). 

(b) The prohibitions in paragraph (a) 

of this section include prohibitions on 

the following transactions: 

(1) The making of any contribution or 

provision of funds, goods, or services 

by, to, or for the benefit of any person 

whose property and interests in 

property are blocked pursuant to 

paragraph (a) of this section; and 

(2) The receipt of any contribution or 

provision of funds, goods, or services 

from any person whose property and 

interests in property are blocked 

pursuant to paragraph (a) of this section. 

(c) Unless authorized by this part or 

by a specific license expressly referring 

to this part, any dealing in securities (or 

evidence thereof) held within the 

possession or control of a U.S. person 

and either registered or inscribed in the 

name of, or known to be held for the 

benefit of, or issued by, any person 

whose property and interests in 

property are blocked pursuant to 

paragraph (a) of this section is 

prohibited. This prohibition includes 

the transfer (including the transfer on 

the books of any issuer or agent thereof), 

disposition, transportation, importation, 

exportation, or withdrawal of, or the 

endorsement or guaranty of signatures 

on, any securities on or after the 

effective date. This prohibition applies 

irrespective of the fact that at any time 

(whether prior to, on, or subsequent to 

the effective date) the registered or 

inscribed owner of any such securities 

may have or might appear to have 

assigned, transferred, or otherwise 

disposed of the securities. 

(d) The prohibitions in paragraph (a) 

of this section apply except to the extent 

provided by statutes, or in regulations, 

rulings, instructions, orders, directives, 

or licenses that may be issued pursuant 

to this part, and notwithstanding any 

contract entered into or any license or 

permit granted prior to the effective 

date. 

(e) All transactions prohibited 

pursuant to any Executive order issued 

after February 10, 2021, pursuant to the 

national emergency declared in E.O. 

14014 of February 10, 2021, are 

prohibited pursuant to this part. 

Note 1 to § 525.201. The names of persons 

designated or identified as blocked pursuant 

to E.O. 14014, or any further Executive orders 

issued pursuant to the national emergency 

declared therein, whose property and 

interests in property therefore are blocked 

pursuant to this section, are published in the 

Federal Register and incorporated into 

OFAC’s Specially Designated Nationals and 

Blocked Persons List (SDN List) using the 

following identifiers: for E.O. 14014: 

‘‘[BURMA–EO14014]’’; and for any further 

Executive orders issued pursuant to the 

national emergency declared in E.O. 14014: 

using the identifier formulation ‘‘BURMA– 

E.O.[E.O. number pursuant to which the 

person’s property and interests in property 

are blocked].’’ The SDN List is accessible 

through the following page on OFAC’s 

website: https://ofac.treasury.gov/sanctionslist-service. Additional information 

pertaining to the SDN List can be found in 

appendix A to part 501 of this chapter. See 

§ 525.411 concerning entities that may not be 

listed on the SDN List but whose property 

and interests in property are nevertheless 

blocked pursuant to this section. 

Note 2 to § 525.201. Section 203 of the 

International Emergency Economic Powers 

Act (50 U.S.C. 1702) authorizes the blocking 

of property and interests in property of a 

person during the pendency of an 

investigation. Except as described in Note 3 

to this section, the names of persons whose 

property and interests in property are 

blocked pending investigation pursuant to 

this section are published in the Federal 

Register and incorporated into the SDN List 

using the following identifiers: for E.O. 14014 

‘‘[BPI–BURMA]’’; and for any further 

Executive orders issued pursuant to the 

national emergency declared in E.O. 14014: 

using the identifier formulation ‘‘[BPI– 

BURMA–E.O.[E.O. number pursuant to 

which the person’s property and interests in 

property are blocked pending 

investigation]].’’ 

Note 3 to § 525.201. In certain cases, OFAC 

may issue an order to: identify as blocked 

specific property or interests in property of 

a person designated or otherwise blocked 

pursuant to this section; block specific 

property or interests in property of a person 

pending investigation; or block or impose 

other prohibitions with respect to specific 

property or interests in property less than full 

blocking sanctions. Notice of such orders will 

be provided: by publication in the Federal 

Register; in writing to persons OFAC may 

assess to have an interest in the property; or 

by issuing an order or directive in writing to 

financial institutions or other transaction 

intermediaries, and requiring the recipient of 

the order or directive to promptly disclose it 

to affected persons with whom the recipient 

maintains direct commercial relationships. 

Inquiries regarding any such order should be 

directed to OFAC’s Compliance Division at 

202–622–2490 or https://ofac.treasury.gov/ 

contact-ofac. 

Note 4 to § 525.201. Subpart E of part 501 

of this chapter describes the procedures to be 

followed for the release of property and 

interests in property blocked pursuant to this 

section, including funds blocked due to 

mistaken identity or typographical or similar 

errors, and for administrative reconsideration 

of one’s status as a person whose property 

and interests in property are blocked 

pursuant this section. 

§ 525.202 Prohibited transactions related 

to financial services to or for the benefit of 

Myanma Oil and Gas Enterprise (MOGE) 

(Directive 1). 

The following activities by a U.S. 

person are prohibited on or after 

December 15, 2023: The provision, 

exportation, or reexportation, directly or 

indirectly, of financial services to or for 

the benefit of the Myanma Oil and Gas 

Enterprise (MOGE) or its property or 

interests in property. 

§ 525.203 Effect of transfers violating the 

provisions of this part. 

(a) Any transfer after the effective date 

that is in violation of any provision of 

this part or of any regulation, ruling, 

instruction, order, directive, or license 

issued pursuant to this part, and that 

involves any property or interest in 

property blocked pursuant to § 525.201, 

is null and void and shall not be the 

basis for the assertion or recognition of 

any interest in or right, remedy, power, 

or privilege with respect to such 

property or interest in property. 

(b) No transfer before the effective 

date shall be the basis for the assertion 

or recognition of any right, remedy, 

power, or privilege with respect to, or 

any interest in, any property or interest 

in property blocked pursuant to 

§ 525.201, unless the person who holds 

or maintains such property, prior to that 

date, had written notice of the transfer 

or by any written evidence had 

recognized such transfer. 

(c) Unless otherwise provided, a 

license or other authorization issued by 

OFAC before, during, or after a transfer 

shall validate such transfer or make it 

enforceable to the same extent that it 

would be valid or enforceable but for 

the provisions of this part and any 

regulation, ruling, instruction, order, 


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directive, or license issued pursuant to 

this part. 

(d) Transfers of property that 

otherwise would be null and void or 

unenforceable by virtue of the 

provisions of this section shall not be 

deemed to be null and void or 

unenforceable as to any person with 

whom such property is or was held or 

maintained (and as to such person only) 

in cases in which such person is able to 

establish to the satisfaction of OFAC 

each of the following: 

(1) Such transfer did not represent a 

willful violation of the provisions of this 

part by the person with whom such 

property is or was held or maintained 

(and as to such person only); 

(2) The person with whom such 

property is or was held or maintained 

did not have reasonable cause to know 

or suspect, in view of all the facts and 

circumstances known or available to 

such person, that such transfer required 

a license or authorization issued 

pursuant to this part and was not so 

licensed or authorized, or, if a license or 

authorization did purport to cover the 

transfer, that such license or 

authorization had been obtained by 

misrepresentation of a third party or 

withholding of material facts or was 

otherwise fraudulently obtained; and 

(3) The person with whom such 

property is or was held or maintained 

filed with OFAC a report setting forth in 

full the circumstances relating to such 

transfer promptly upon discovery that: 

(i) Such transfer was in violation of 

the provisions of this part or any 

regulation, ruling, instruction, order, 

directive, license, or other authorization 

issued pursuant to this part; 

(ii) Such transfer was not licensed or 

authorized by OFAC; or 

(iii) If a license did purport to cover 

the transfer, such license had been 

obtained by misrepresentation of a third 

party or withholding of material facts or 

was otherwise fraudulently obtained. 

(e) The filing of a report in accordance 

with the provisions of paragraph (d)(3) 

of this section shall not be deemed 

evidence that the terms of paragraphs 

(d)(1) and (2) of this section have been 

satisfied. 

(f) Unless licensed pursuant to this 

part, any attachment, judgment, decree, 

lien, execution, garnishment, or other 

judicial process is null and void with 

respect to any property or interest in 

property blocked pursuant to § 525.201. 

§ 525.204 Holding of funds in interestbearing accounts; investment and 

reinvestment. 

(a) Except as provided in paragraph 

(e) or (f) of this section, or as otherwise 

directed or authorized by OFAC, any 

U.S. person holding funds, such as 

currency, bank deposits, or liquidated 

financial obligations, subject to 

§ 525.201 shall hold or place such funds 

in a blocked interest-bearing account 

located in the United States. 

(b)(1) For the purposes of this section, 

the term blocked interest-bearing 

account means a blocked account: 

(i) In a federally insured U.S. bank, 

thrift institution, or credit union, 

provided the funds are earning interest 

at rates that are commercially 

reasonable; or 

(ii) With a broker or dealer registered 

with the Securities and Exchange 

Commission under the Securities 

Exchange Act of 1934 (15 U.S.C. 78a et 

seq.), provided the funds are invested in 

a money market fund or in U.S. 

Treasury bills. 

(2) Funds held or placed in a blocked 

account pursuant to paragraph (a) of this 

section may not be invested in 

instruments the maturity of which 

exceeds 180 days. 

(c) For the purposes of this section, a 

rate is commercially reasonable if it is 

the rate currently offered to other 

depositors on deposits or instruments of 

comparable size and maturity. 

(d) For the purposes of this section, if 

interest is credited to a separate blocked 

account or subaccount, the name of the 

account party on each account must be 

the same. 

(e) Blocked funds held in instruments 

the maturity of which exceeds 180 days 

at the time the funds become subject to 

§ 525.201 may continue to be held until 

maturity in the original instrument, 

provided any interest, earnings, or other 

proceeds derived therefrom are paid 

into a blocked interest-bearing account 

in accordance with paragraph (a) or (f) 

of this section. 

(f) Blocked funds held in accounts or 

instruments outside the United States at 

the time the funds become subject to 

§ 525.201 may continue to be held in the 

same type of accounts or instruments, 

provided the funds earn interest at rates 

that are commercially reasonable. 

(g) This section does not create an 

affirmative obligation for the holder of 

blocked tangible property, such as real 

or personal property, or of other blocked 

property, such as debt or equity 

securities, to sell or liquidate such 

property. However, OFAC may issue 

licenses permitting or directing such 

sales or liquidation in appropriate cases. 

(h) Funds blocked pursuant to 

§ 525.201 may not be held, invested, or 

reinvested in a manner that provides 

financial or economic benefit or access 

to any person whose property and 

interests in property are blocked 

pursuant to § 525.201, nor may their 

holder cooperate in or facilitate the 

pledging or other attempted use as 

collateral of blocked funds or other 

assets. 

§ 525.205 Expenses of maintaining 

blocked tangible property; liquidation of 

blocked property. 

(a) Except as otherwise authorized, 

and notwithstanding the existence of 

any rights or obligations conferred or 

imposed by any international agreement 

or contract entered into or any license 

or permit granted prior to the effective 

date, all expenses incident to the 

maintenance of tangible property 

blocked pursuant to § 525.201 shall be 

the responsibility of the owners or 

operators of such property, which 

expenses shall not be met from blocked 

funds. 

(b) Property blocked pursuant to 

§ 525.201 may, in the discretion of 

OFAC, be sold or liquidated and the net 

proceeds placed in a blocked interestbearing account in the name of the 

owner of the property. 

§ 525.206 Evasions; attempts; causing 

violations; conspiracies. 

(a) Any transaction on or after the 

effective date that evades or avoids, has 

the purpose of evading or avoiding, 

causes a violation of, or attempts to 

violate any of the prohibitions set forth 

in this part is prohibited. 

(b) Any conspiracy formed to violate 

the prohibitions set forth in this part is 

prohibited. 

§ 525.207 Exempt transactions. 

International Emergency Economic 

Powers Act. The prohibitions contained 

in this part do not apply to any 

transactions that are exempt pursuant to 

section 203(b) of the International 

Emergency Economic Powers Act (50 

U.S.C. 1702(b)). 

Note 1 to § 525.207. See §§ 525.512 and 

525.513 for general licenses related to 

humanitarian assistance. 

Note 2 to § 525.207. See § 525.510 and 

§ 525.511 for general licenses authorizing 

transactions for the conduct of the official 

business of the United States Government 

and certain international organizations and 

entities, respectively. 

Subpart C—General Definitions 

§ 525.300 Applicability of definitions. 

The definitions in this subpart apply 

throughout the entire part. 

§ 525.301 Blocked account; blocked 

property. 

The terms blocked account and 

blocked property mean any account or 

property subject to the prohibitions in 

§ 525.201 held in the name of a person 


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whose property and interests in 

property are blocked pursuant to 

§ 525.201, or in which such person has 

an interest, and with respect to which 

payments, transfers, exportations, 

withdrawals, or other dealings may not 

be made or effected except pursuant to 

a license or other authorization from 

OFAC expressly authorizing such 

action. 

Note 1 to § 525.301. See § 525.411 

concerning the blocked status of property 

and interests in property of an entity that is 

directly or indirectly owned, whether 

individually or in the aggregate, 50 percent 

or more by one or more persons whose 

property and interests in property are 

blocked pursuant to § 525.201. 

§ 525.302 Effective date. 

(a) The term effective date refers to 

the effective date of the applicable 

prohibitions and directives contained in 

this part as follows: 

(1) With respect to a person whose 

property and interests in property are 

blocked pursuant to § 525.201, the 

earlier of the date of actual or 

constructive notice that such person’s 

property and interests in property are 

blocked; 

(2) With respect to transactions 

prohibited by § 525.202, December 15, 

2023. 

(b) For the purposes of this section, 

constructive notice is the date that a 

notice of the blocking of the relevant 

person’s property and interests in 

property is published in the Federal 

Register. 

§ 525.303 Entity. 

The term entity means a partnership, 

association, trust, joint venture, 

corporation, group, subgroup, or other 

organization. 

§ 525.304 Financial, material, or 

technological support. 

The term financial, material, or 

technological support means any 

property, tangible or intangible, 

including currency, financial 

instruments, securities, or any other 

transmission of value; weapons or 

related materiel; chemical or biological 

agents; explosives; false documentation 

or identification; communications 

equipment; computers; electronic or 

other devices or equipment; 

technologies; lodging; safe houses; 

facilities; vehicles or other means of 

transportation; or goods. 

‘‘Technologies’’ as used in this section 

means specific information necessary 

for the development, production, or use 

of a product, including related technical 

data such as blueprints, plans, diagrams, 

models, formulae, tables, engineering 

designs and specifications, manuals, or 

other recorded instructions. 

§ 525.305 Financial Services. 

The term financial services, as used in 

§ 525.202, includes loans, transfers, 

accounts, insurance, investments, 

securities, guarantees, foreign exchange, 

letters of credit, and commodity futures 

or options. 

§ 525.306 Foreign person. 

The term foreign person means any 

person that is not a U.S. person. 

§ 525.307 Government of Burma. 

The term Government of Burma 

means the Government of Burma, any 

political subdivision, agency, or 

instrumentality thereof, including the 

Central Bank of Myanmar, and any 

person owned or controlled by, or acting 

for or on behalf of, the Government of 

Burma. 

§ 525.308 [Reserved] 

§ 525.309 Interest. 

Except as otherwise provided in this 

part, the term interest, when used with 

respect to property (e.g., ‘‘an interest in 

property’’), means an interest of any 

nature whatsoever, direct or indirect. 

§ 525.310 Licenses; general and specific. 

(a) Except as otherwise provided in 

this part, the term license means any 

license or authorization contained in or 

issued pursuant to this part. 

(b) The term general license means 

any license or authorization the terms of 

which are set forth in subpart E of this 

part or made available on OFAC’s 

website: https://ofac.treasury.gov. 

(c) The term specific license means 

any license or authorization issued 

pursuant to this part but not set forth in 

subpart E of this part or made available 

on OFAC’s website: https://

ofac.treasury.gov. 

Note 1 to § 525.310. See § 501.801 of this 

chapter on licensing procedures. 

§ 525.311 OFAC. 

The term OFAC means the 

Department of the Treasury’s Office of 

Foreign Assets Control. 

§ 525.312 Person. 

The term person means an individual 

or entity. 

§ 525.313 Property; property interest. 

The terms property and property 

interest include money, checks, drafts, 

bullion, bank deposits, savings 

accounts, debts, indebtedness, 

obligations, notes, guarantees, 

debentures, stocks, bonds, coupons, any 

other financial instruments, bankers 

acceptances, mortgages, pledges, liens 

or other rights in the nature of security, 

warehouse receipts, bills of lading, trust 

receipts, bills of sale, any other 

evidences of title, ownership, or 

indebtedness, letters of credit and any 

documents relating to any rights or 

obligations thereunder, powers of 

attorney, goods, wares, merchandise, 

chattels, stocks on hand, ships, goods on 

ships, real estate mortgages, deeds of 

trust, vendors’ sales agreements, land 

contracts, leaseholds, ground rents, real 

estate and any other interest therein, 

options, negotiable instruments, trade 

acceptances, royalties, book accounts, 

accounts payable, judgments, patents, 

trademarks or copyrights, insurance 

policies, safe deposit boxes and their 

contents, annuities, pooling agreements, 

services of any nature whatsoever, 

contracts of any nature whatsoever, and 

any other property, real, personal, or 

mixed, tangible or intangible, or interest 

or interests therein, present, future, or 

contingent. 

§ 525.314 Transfer. 

The term transfer means any actual or 

purported act or transaction, whether or 

not evidenced by writing, and whether 

or not done or performed within the 

United States, the purpose, intent, or 

effect of which is to create, surrender, 

release, convey, transfer, or alter, 

directly or indirectly, any right, remedy, 

power, privilege, or interest with respect 

to any property. Without limitation on 

the foregoing, it shall include the 

making, execution, or delivery of any 

assignment, power, conveyance, check, 

declaration, deed, deed of trust, power 

of attorney, power of appointment, bill 

of sale, mortgage, receipt, agreement, 

contract, certificate, gift, sale, affidavit, 

or statement; the making of any 

payment; the setting off of any 

obligation or credit; the appointment of 

any agent, trustee, or fiduciary; the 

creation or transfer of any lien; the 

issuance, docketing, filing, or levy of or 

under any judgment, decree, 

attachment, injunction, execution, or 

other judicial or administrative process 

or order, or the service of any 

garnishment; the acquisition of any 

interest of any nature whatsoever by 

reason of a judgment or decree of any 

foreign country; the fulfillment of any 

condition; the exercise of any power of 

appointment, power of attorney, or 

other power; or the acquisition, 

disposition, transportation, importation, 

exportation, or withdrawal of any 

security. 

§ 525.315 United States. 

The term United States means the 

United States, its territories and 


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possessions, and all areas under the 

jurisdiction or authority thereof. 

§ 525.316 United States person; U.S. 

person. 

The term United States person or U.S. 

person means any United States citizen, 

lawful permanent resident, entity 

organized under the laws of the United 

States or any jurisdiction within the 

United States (including foreign 

branches), or any person in the United 

States. 

§ 525.317 U.S. financial institution. 

The term U.S. financial institution 

means any U.S. entity (including its 

foreign branches) that is engaged in the 

business of accepting deposits, making, 

granting, transferring, holding, or 

brokering loans or credits, purchasing or 

selling foreign exchange, securities, 

futures or options, or procuring 

purchasers and sellers thereof, as 

principal or agent. It includes 

depository institutions, banks, savings 

banks, money services businesses, 

operators of credit card systems, trust 

companies, insurance companies, 

securities brokers and dealers, futures 

and options brokers and dealers, 

forward contract and foreign exchange 

merchants, securities and commodities 

exchanges, clearing corporations, 

investment companies, employee 

benefit plans, dealers in precious 

metals, stones, or jewels, and U.S. 

holding companies, U.S. affiliates, or 

U.S. subsidiaries of any of the foregoing. 

This term includes those branches, 

offices, and agencies of foreign financial 

institutions that are located in the 

United States, but not such institutions’ 

foreign branches, offices, or agencies. 

Subpart D—Interpretations 

§ 525.401 Reference to amended sections. 

(a) Reference to any section in this 

part is a reference to the same as 

currently amended, unless the reference 

includes a specific date. See 44 U.S.C. 

1510. 

(b) Reference to any regulation, ruling, 

instruction, order, directive, or license 

issued pursuant to this part is a 

reference to the same as currently 

amended unless otherwise specified. 

§ 525.402 Effect of amendment. 

Unless otherwise specifically 

provided, any amendment, 

modification, or revocation of any 

provision in or appendix to this part or 

chapter or of any regulation, ruling, 

instruction, order, directive, or license 

issued by OFAC does not affect any act 

done or omitted, or any civil or criminal 

proceeding commenced or pending, 

prior to such amendment, modification, 

or revocation. All penalties, forfeitures, 

and liabilities under any such 

regulation, ruling, instruction, order, 

directive, or license continue and may 

be enforced as if such amendment, 

modification, or revocation had not 

been made. 

§ 525.403 Termination and acquisition of 

an interest in blocked property. 

(a) Whenever a transaction licensed or 

authorized by or pursuant to this part 

results in the transfer of property 

(including any property interest) away 

from a person whose property and 

interests in property are blocked 

pursuant to § 525.201, such property 

shall no longer be deemed to be 

property blocked pursuant to § 525.201, 

unless there exists in the property 

another interest that is blocked pursuant 

to § 525.201, the transfer of which has 

not been effected pursuant to license or 

other authorization. 

(b) Unless otherwise specifically 

provided in a license or authorization 

issued pursuant to this part, if property 

(including any property interest) is 

transferred or attempted to be 

transferred to a person whose property 

and interests in property are blocked 

pursuant to § 525.201, such property 

shall be deemed to be property in which 

such person has an interest and 

therefore blocked. 

§ 525.404 Transactions ordinarily incident 

to a licensed transaction. 

(a) Any transaction ordinarily 

incident to a licensed transaction and 

necessary to give effect thereto is also 

authorized, except: 

(1) An ordinarily incident transaction, 

not explicitly authorized within the 

terms of the license, by or with a person 

whose property and interests in 

property are blocked pursuant to 

§ 525.201; or 

(2) An ordinarily incident transaction, 

not explicitly authorized within the 

terms of the license, involving a debit to 

a blocked account or a transfer of 

blocked property. 

(b) For example, a license authorizing 

a person to complete a securities sale 

involving Company A, whose property 

and interests in property are blocked 

pursuant to § 525.201, also authorizes 

other persons to engage in activities that 

are ordinarily incident and necessary to 

complete the sale, including 

transactions by the buyer, broker, 

transfer agents, and banks, provided that 

such other persons are not themselves 

persons whose property and interests in 

property are blocked pursuant to 

§ 525.201. 

§ 525.405 Provision and receipt of 

services. 

(a) The prohibitions contained in 

§ 525.201 apply to services performed in 

the United States or by U.S. persons, 

wherever located: 

(1) On behalf of or for the benefit of 

any person whose property and interests 

in property are blocked pursuant to 

§ 525.201; or 

(2) With respect to property interests 

of any person whose property and 

interests in property are blocked 

pursuant to § 525.201. 

(b) The prohibitions on transactions 

contained in § 525.201 apply to services 

received in the United States or by U.S. 

persons, wherever located, where the 

service is performed by, or at the 

direction of, a person whose property 

and interests in property are blocked 

pursuant to § 525.201. 

(c) For example, U.S. persons may 

not, except as authorized by or pursuant 

to this part, provide legal, accounting, 

financial, brokering, freight forwarding, 

transportation, public relations, or other 

services to any person whose property 

and interests in property are blocked 

pursuant to § 525.201, or negotiate with 

or enter into contracts signed by a 

person whose property and interests in 

property are blocked pursuant to 

§ 525.201. 

Note 1 to § 525.405. See §§ 525.507 and 

525.509 for general licenses authorizing the 

provision of certain legal and emergency 

medical services. 

§ 525.406 Offshore transactions involving 

blocked property. 

The prohibitions in § 525.201 on 

transactions or dealings involving 

blocked property, as defined in 

§ 525.301, apply to transactions by any 

U.S. person in a location outside the 

United States. 

§ 525.407 Payments from blocked 

accounts to satisfy obligations prohibited. 

Pursuant to § 525.201, no debits may 

be made to a blocked account to pay 

obligations to U.S. persons or other 

persons, except as authorized by or 

pursuant to this part. 

Note 1 to § 525.407. See also § 525.502(e), 

which provides that no license or other 

authorization contained in or issued 

pursuant to this part authorizes transfers of 

or payments from blocked property or debits 

to blocked accounts unless the license or 

other authorization explicitly authorizes the 

transfer of or payment from blocked property 

or the debit to a blocked account. 

§ 525.408 Charitable contributions. 

Unless specifically authorized by 

OFAC pursuant to this part, no 

charitable contribution of funds, goods, 


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services, or technology, including 

contributions to relieve human 

suffering, such as food, clothing, or 

medicine, may be made by, to, or for the 

benefit of, or received from, a person 

whose property and interests in 

property are blocked pursuant to 

§ 525.201. For the purposes of this part, 

a contribution is made by, to, or for the 

benefit of, or received from, a person 

whose property and interests in 

property are blocked pursuant to 

§ 525.201 if made by, to, or in the name 

of, or received from or in the name of, 

such a person; if made by, to, or in the 

name of, or received from or in the 

name of, an entity or individual acting 

for or on behalf of, or owned or 

controlled by, such a person; or if made 

in an attempt to violate, to evade, or to 

avoid the bar on the provision of 

contributions by, to, or for the benefit of 

such a person, or the receipt of 

contributions from such a person. 

§ 525.409 Credit extended and cards 

issued by financial institutions to a person 

whose property and interests in property 

are blocked. 

The prohibition in § 525.201 on 

dealing in property subject to that 

section prohibits U.S. financial 

institutions from performing under any 

existing credit agreements, including 

charge cards, debit cards, or other credit 

facilities issued by a financial 

institution to a person whose property 

and interests in property are blocked 

pursuant to § 525.201. 

§ 525.410 Setoffs prohibited. 

A setoff against blocked property 

(including a blocked account), whether 

by a U.S. financial institution or other 

U.S. person, is a prohibited transfer 

under § 525.201 if effected after the 

effective date. 

§ 525.411 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 

§ 525.201 have an interest in all 

property and interests in property of an 

entity in which such 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 

§ 525.201, regardless of whether the 

name of the entity is incorporated into 

OFAC’s Specially Designated Nationals 

and Blocked Persons List (SDN List). 

§ 525.412 Entities of which one or more 

blocked persons is a member, leader, 

official, senior executive officer, or 

otherwise exercises control. 

(a) The property and interests in 

property of an entity, including any 

political subdivision, agency, or 

instrumentality of a governmental 

entity, are not blocked solely because 

one or more persons whose property 

and interests in property are blocked 

pursuant to § 525.201 is a member, 

leader, official, senior executive officer, 

or otherwise exercises control. 

Note 1 to paragraph (a). See § 525.411 

concerning the blocked status of property 

and interests in property of an entity that is 

directly or indirectly owned, whether 

individually or in the aggregate, 50 percent 

or more by one or more persons whose 

property and interests in property are 

blocked pursuant to § 525.201. 

(b) For example, U.S. persons may 

not, except as authorized or exempt 

pursuant to this part, engage in the 

following transactions with a person 

whose property and interests in 

property are blocked pursuant to 

§ 525.201: enter into contracts that are 

signed by a blocked person, enter into 

negotiations with a blocked person, or 

process transactions, directly or 

indirectly, on behalf of a person whose 

property and interests in property are 

blocked pursuant to § 525.201. 

However, U.S. persons are not 

prohibited from engaging in a routine 

interaction with an agency in which a 

blocked person is an official, but which 

does not involve the blocked person 

directly or indirectly. 

Note 2 to § 525.412. OFAC encourages U.S. 

persons to be cautious in engaging in 

transactions with any entity of which a 

person whose property and interests in 

property are blocked pursuant to § 525.201 is 

a member, leader, official, senior executive 

officer, or otherwise exercises control to 

ensure that U.S. persons are not engaged in 

transactions, directly or indirectly, with a 

blocked person, except as authorized or 

exempt pursuant to this part. 

Subpart E—Licenses, Authorizations, 

and Statements of Licensing Policy 

§ 525.501 General and specific licensing 

procedures. 

For provisions relating to licensing 

procedures, see part 501, subpart E, of 

this chapter. Licensing actions taken 

pursuant to part 501 of this chapter with 

respect to the prohibitions contained in 

this part are considered actions taken 

pursuant to this part. General licenses 

and statements of licensing policy 

relating to this part also may be 

available through the Burma sanctions 

page on OFAC’s website: https://

ofac.treasury.gov. 

§ 525.502 Effect of license or other 

authorization. 

(a) No license or other authorization 

contained in this part, or otherwise 

issued by OFAC, authorizes or validates 

any transaction effected prior to the 

issuance of such license or other 

authorization, unless specifically 

provided in such license or 

authorization. 

(b) No regulation, ruling, instruction, 

order, directive, or license authorizes 

any transaction prohibited under this 

part unless the regulation, ruling, 

instruction, order, directive, or license 

is issued by OFAC and specifically 

refers to this part. No regulation, ruling, 

instruction, order, directive, or license 

referring to this part shall be deemed to 

authorize any transaction prohibited by 

any other part of this chapter unless the 

regulation, ruling, instruction, order, 

directive, or license specifically refers to 

such part. 

(c) Any regulation, ruling, instruction, 

order, directive, or license authorizing 

any transaction prohibited under this 

part has the effect of removing a 

prohibition contained in this part from 

the transaction, but only to the extent 

specifically stated by its terms. Unless 

the regulation, ruling, instruction, order, 

directive, or license otherwise specifies, 

such an authorization does not create 

any right, duty, obligation, claim, or 

interest in, or with respect to, any 

property that would not otherwise exist 

under ordinary principles of law. 

(d) Nothing contained in this part 

shall be construed to supersede the 

requirements established under any 

other provision of law or to relieve a 

person from any requirement to obtain 

a license or other authorization from 

another department or agency of the 

U.S. government in compliance with 

applicable laws and regulations subject 

to the jurisdiction of that department or 

agency. For example, exports of goods, 

services, or technical data that are not 

prohibited by this part or that do not 

require a license by OFAC nevertheless 

may require authorization by the U.S. 

Department of Commerce, the U.S. 

Department of State, or other agencies of 

the U.S. government. 

(e) No license or other authorization 

contained in or issued pursuant to this 

part authorizes transfers of or payments 

from blocked property or debits to 

blocked accounts unless the license or 

other authorization explicitly authorizes 

the transfer of or payment from blocked 

property or the debit to a blocked 

account. 

(f) Any payment relating to a 

transaction authorized in or pursuant to 

this part that is routed through the U.S. 

financial system should reference the 


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relevant OFAC general or specific 

license authorizing the payment to 

avoid the blocking or rejection of the 

transfer. 

§ 525.503 Exclusion from licenses. 

OFAC reserves the right to exclude 

any person, property, transaction, or 

class thereof from the operation of any 

license or from the privileges conferred 

by any license. OFAC also reserves the 

right to restrict the applicability of any 

license to particular persons, property, 

transactions, or classes thereof. Such 

actions are binding upon actual or 

constructive notice of the exclusions or 

restrictions. 

§ 525.504 Payments and transfers to 

blocked accounts in U.S. financial 

institutions. 

Any payment of funds or transfer of 

credit in which a person whose property 

and interests in property are blocked 

pursuant to § 525.201 has any interest 

that comes within the possession or 

control of a U.S. financial institution 

must be blocked in an account on the 

books of that financial institution. A 

transfer of funds or credit by a U.S. 

financial institution between blocked 

accounts in its branches or offices is 

authorized, provided that no transfer is 

made from an account within the 

United States to an account held outside 

the United States, and further provided 

that a transfer from a blocked account 

may be made only to another blocked 

account held in the same name. 

Note 1 to § 525.504. See § 501.603 of this 

chapter for mandatory reporting 

requirements regarding financial transfers. 

See also § 525.204 concerning the obligation 

to hold blocked funds in interest-bearing 

accounts. 

§ 525.505 Entries in certain accounts for 

normal service charges. 

(a) A U.S. financial institution is 

authorized to debit any blocked account 

held at that financial institution in 

payment or reimbursement for normal 

service charges owed it by the owner of 

that blocked account. 

(b) As used in this section, the term 

normal service charges shall include 

charges in payment or reimbursement 

for interest due; cable, telegraph, 

internet, or telephone charges; postage 

costs; custody fees; small adjustment 

charges to correct bookkeeping errors; 

and, but not by way of limitation, 

minimum balance charges, notary and 

protest fees, and charges for reference 

books, photocopies, credit reports, 

transcripts of statements, registered 

mail, insurance, stationery and supplies, 

and other similar items. 

§ 525.506 Investment and reinvestment of 

certain funds. 

Subject to the requirements of 

§ 525.204, U.S. financial institutions are 

authorized to invest and reinvest assets 

blocked pursuant to § 525.201, subject 

to the following conditions: 

(a) The assets representing such 

investments and reinvestments are 

credited to a blocked account or 

subaccount that is held in the same 

name at the same U.S. financial 

institution, or within the possession or 

control of a U.S. person, but funds shall 

not be transferred outside the United 

States for this purpose; 

(b) The proceeds of such investments 

and reinvestments shall not be credited 

to a blocked account or subaccount 

under any name or designation that 

differs from the name or designation of 

the specific blocked account or 

subaccount in which such funds or 

securities were held; and 

(c) No immediate financial or 

economic benefit accrues (e.g., through 

pledging or other use) to a person whose 

property and interests in property are 

blocked pursuant to § 525.201. 

§ 525.507 Provision of certain legal 

services. 

(a) The provision of the following 

legal services to or on behalf of persons 

whose property and interests in 

property are blocked pursuant to 

§ 525.201 is authorized, provided that 

any receipt of payment of professional 

fees and reimbursement of incurred 

expenses must be authorized pursuant 

to § 525.508, which authorizes certain 

payments for legal services from funds 

originating outside the United States; 

via specific license; or otherwise 

pursuant to this part: 

(1) Provision of legal advice and 

counseling on the requirements of and 

compliance with the laws of the United 

States or any jurisdiction within the 

United States, provided that such advice 

and counseling are not provided to 

facilitate transactions in violation of this 

part; 

(2) Representation of persons named 

as defendants in or otherwise made 

parties to legal, arbitration, or 

administrative proceedings before any 

U.S. federal, state, or local court or 

agency; 

(3) Initiation and conduct of legal, 

arbitration, or administrative 

proceedings before any U.S. federal, 

state, or local court or agency; 

(4) Representation of persons before 

any U.S. federal, state, or local court or 

agency with respect to the imposition, 

administration, or enforcement of U.S. 

sanctions against such persons; and 

(5) Provision of legal services in any 

other context in which prevailing U.S. 

law requires access to legal counsel at 

public expense. 

(b) The provision of any other legal 

services to or on behalf of persons 

whose property and interests in 

property are blocked pursuant to 

§ 525.201, not otherwise authorized in 

this part, requires the issuance of a 

specific license. 

(c) U.S. persons do not need to obtain 

specific authorization to provide related 

services, such as making filings and 

providing other administrative services, 

that are ordinarily incident to the 

provision of services authorized by 

paragraph (a) of this section. 

Additionally, U.S. persons who provide 

services authorized by paragraph (a) of 

this section do not need to obtain 

specific authorization to contract for 

related services that are ordinarily 

incident to the provision of those legal 

services, such as those provided by 

private investigators or expert 

witnesses, or to pay for such services. 

See § 525.404. 

(d) Entry into a settlement agreement 

or the enforcement of any lien, 

judgment, arbitral award, decree, or 

other order through execution, 

garnishment, or other judicial process 

purporting to transfer or otherwise alter 

or affect property or interests in 

property blocked pursuant to § 525.201 

is prohibited unless licensed pursuant 

to this part. 

Note 1 to § 525.507. Pursuant to part 501, 

subpart E, of this chapter, U.S. persons 

seeking administrative reconsideration or 

judicial review of their designation or the 

blocking of their property and interests in 

property may apply for a specific license 

from OFAC to authorize the release of certain 

blocked funds for the payment of 

professional fees and reimbursement of 

incurred expenses for the provision of such 

legal services where alternative funding 

sources are not available. 

§ 525.508 Payments for legal services from 

funds originating outside the United States. 

(a) Professional fees and incurred 

expenses. (1) Receipt of payment of 

professional fees and reimbursement of 

incurred expenses for the provision of 

legal services authorized pursuant to 

§ 525.507(a) to or on behalf of any 

person whose property and interests in 

property are blocked pursuant to 

§ 525.201, is authorized from funds 

originating outside the United States, 

provided that the funds do not originate 

from: 

(i) A source within the United States; 

(ii) Any source, wherever located, 

within the possession or control of a 

U.S. person; or 


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(iii) Any individual or entity, other 

than the person on whose behalf the 

legal services authorized pursuant to 

§ 525.507(a) are to be provided, whose 

property and interests in property are 

blocked pursuant to any part of this 

chapter or any Executive order or 

statute. 

(2) Nothing in this paragraph (a) 

authorizes payments for legal services 

using funds in which any other person 

whose property and interests in 

property are blocked pursuant to 

§ 525.201, any other part of this chapter, 

or any Executive order or statute has an 

interest. 

(b) Records. Consistent with 

§§ 501.601 and 501.602 of this chapter, 

U.S. persons who receive payments 

pursuant to paragraph (a) of this section 

must retain for 10 years from the date 

of the relevant payment, and furnish to 

OFAC on demand, a record that 

specifies the following for each 

payment: 

(1) The individual or entity from 

whom the funds originated and the 

amount of funds received; and 

(2) If applicable: 

(i) The names of any individuals or 

entities providing related services to the 

U.S. person receiving payment in 

connection with authorized legal 

services, such as private investigators or 

expert witnesses; 

(ii) A general description of the 

services provided; and 

(iii) The amount of funds paid in 

connection with such services. 

§ 525.509 Emergency medical services. 

The provision and receipt of 

nonscheduled emergency medical 

services that are prohibited by this part 

are authorized. 

§ 525.510 Official business of the United 

States government. 

All transactions prohibited by this 

part that are for the conduct of the 

official business of the United States 

government by employees, grantees, or 

contractors thereof are authorized. 

§ 525.511 Official business of certain 

international organizations and entities. 

All transactions prohibited by this 

part that are for the conduct of the 

official business of the following entities 

by employees, grantees, or contractors 

thereof are authorized: 

(a) The United Nations, including its 

Programmes, Funds, and Other Entities 

and Bodies, as well as its Specialized 

Agencies and Related Organizations; 

(b) The International Centre for 

Settlement of Investment Disputes 

(ICSID) and the Multilateral Investment 

Guarantee Agency (MIGA); 

(c) The African Development Bank 

Group, the Asian Development Bank, 

the European Bank for Reconstruction 

and Development, and the InterAmerican Development Bank Group 

(IDB Group), including any fund entity 

administered or established by any of 

the foregoing; 

(d) The International Committee of 

the Red Cross and the International 

Federation of Red Cross and Red 

Crescent Societies; and 

(e) The Global Fund to Fight AIDS, 

Tuberculosis, and Malaria, and Gavi, the 

Vaccine Alliance. 

§ 525.512 Certain transactions in support 

of nongovernmental organizations’ 

activities. 

(a) Except as provided in paragraph 

(c) of this section, all transactions 

prohibited by this part that are 

ordinarily incident and necessary to the 

activities described in paragraph (b) of 

this section by a nongovernmental 

organization are authorized, provided 

that the nongovernmental organization 

is not a person whose property or 

interests in property are blocked 

pursuant to this part. 

(b) The activities referenced in 

paragraph (a) of this section are noncommercial activities designed to 

directly benefit the civilian population 

that fall into one of the following 

categories: 

(1) Activities to support humanitarian 

projects to meet basic human needs, 

including disaster, drought, or flood 

relief; food, nutrition, or medicine 

distribution; the provision of health 

services; assistance for vulnerable or 

displaced populations, including 

individuals with disabilities and the 

elderly; and environmental programs; 

(2) Activities to support democracy 

building, including activities to support 

rule of law, citizen participation, 

government accountability and 

transparency, human rights and 

fundamental freedoms, access to 

information, and civil society 

development projects; 

(3) Activities to support education, 

including combating illiteracy, 

increasing access to education, 

international exchanges, and assisting 

education reform projects; 

(4) Activities to support noncommercial development projects 

directly benefiting civilians, including 

those related to health, food security, 

and water and sanitation; 

(5) Activities to support 

environmental and natural resource 

protection, including the preservation 

and protection of threatened or 

endangered species, responsible and 

transparent management of natural 

resources, and the remediation of 

pollution or other environmental 

damage; and 

(6) Activities to support disarmament, 

demobilization, and reintegration (DDR) 

programs and peacebuilding, conflict 

prevention, and conflict resolution 

programs. 

(c) This section does not authorize 

funds transfers initiated or processed 

with knowledge or reason to know that 

the intended beneficiary of such 

transfers is a person blocked pursuant to 

this part, other than for the purpose of 

effecting the payment of taxes, fees, or 

import duties, or the purchase or receipt 

of permits, licenses, or public utility 

services. 

(d) Specific licenses may be issued on 

a case-by-case basis to authorize 

nongovernmental or other entities to 

engage in other activities designed to 

directly benefit the civilian population, 

including support for the removal of 

landmines and economic development 

projects directly benefiting the civilian 

population. 

Note 1 to § 525.512. This section does not 

relieve any person authorized thereunder 

from complying with any other applicable 

laws or regulations. 

§ 525.513 Transactions related to the 

provision of agricultural commodities, 

medicine, medical devices, replacement 

parts and components, or software updates 

for personal, non-commercial use. 

(a) All transactions prohibited by this 

part that are related to the provision, 

directly or indirectly, of agricultural 

commodities, medicine, medical 

devices, replacement parts and 

components for medical devices, or 

software updates for medical devices to 

an individual whose property and 

interests in property are blocked 

pursuant to this part are authorized, 

provided the items are in quantities 

consistent with personal, noncommercial use. 

(b) For the purposes of this section, 

agricultural commodities, medicine, and 

medical devices are defined as follows: 

(1) Agricultural commodities. For the 

purposes of this section, agricultural 

commodities are: 

(i) Products that fall within the term 

‘‘agricultural commodity’’ as defined in 

section 102 of the Agricultural Trade 

Act of 1978 (7 U.S.C. 5602); and 

(ii) That are intended for ultimate use 

as: 

(A) Food for humans (including raw, 

processed, and packaged foods; live 

animals; vitamins and minerals; food 

additives or supplements; and bottled 

drinking water) or animals (including 

animal feeds); 

(B) Seeds for food crops; 


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(C) Fertilizers or organic fertilizers; or 

(D) Reproductive materials (such as 

live animals, fertilized eggs, embryos, 

and semen) for the production of food 

animals. 

(2) Medicine. For the purposes of this 

section, medicine is an item that falls 

within the definition of the term ‘‘drug’’ 

in section 201 of the Federal Food, 

Drug, and Cosmetic Act (21 U.S.C. 321). 

(3) Medical devices. For the purposes 

of this section, a medical device is an 

item that falls within the definition of 

‘‘device’’ in section 201 of the Federal 

Food, Drug, and Cosmetic Act (21 U.S.C. 

321). 

Note 1 to § 525.513. This section does not 

relieve any person authorized thereunder 

from complying with any other applicable 

laws or regulations. 

Subpart F—[Reserved] 

Subpart G—Penalties and Findings of 

Violation 

§ 525.701 Penalties. 

(a) The penalties available under 

section 206 of the International 

Emergency Economic Powers Act (50 

U.S.C. 1701 et seq.) (IEEPA) are 

applicable to violations of the 

provisions of any regulation, ruling, 

instruction, order, directive, or license 

issued by or pursuant to the direction or 

authorization of the Secretary of the 

Treasury pursuant to this part or 

otherwise under IEEPA. 

(1) A civil penalty not to exceed the 

amount set forth in section 206 of IEEPA 

may be imposed on any person who 

violates, attempts to violate, conspires 

to violate, or causes a violation of any 

regulation in this part, ruling, 

instruction, order, directive, license, or 

prohibition issued under IEEPA. 

(2) IEEPA provides for a maximum 

civil penalty not to exceed the greater of 

$368,136 or an amount that is twice the 

amount of the transaction that is the 

basis of the violation with respect to 

which the penalty is imposed. 

(3) A person who willfully commits, 

willfully attempts to commit, willfully 

conspires to commit, or aids or abets in 

the commission of a violation of any 

regulation in this part, ruling, 

instruction, order, directive, license, or 

prohibition may, upon conviction, be 

fined not more than $1,000,000, or if a 

natural person, be imprisoned for not 

more than 20 years, or both. 

(b)(1) The civil penalties provided in 

IEEPA are subject to adjustment 

pursuant to the Federal Civil Penalties 

Inflation Adjustment Act of 1990 (28 

U.S.C. 2461 note; Pub. L. 101–410, as 

amended). 

(2) The criminal penalties provided in 

IEEPA are subject to adjustment 

pursuant to 18 U.S.C. 3571. 

(c) Pursuant to 18 U.S.C. 1001, 

whoever, in any matter within the 

jurisdiction of the executive, legislative, 

or judicial branch of the government of 

the United States, knowingly and 

willfully falsifies, conceals, or covers up 

by any trick, scheme, or device a 

material fact; or makes any materially 

false, fictitious, or fraudulent statement 

or representation; or makes or uses any 

false writing or document knowing the 

same to contain any materially false, 

fictitious, or fraudulent statement or 

entry shall be fined under title 18, 

United States Code, imprisoned, or 

both. 

(d) Violations of this part may also be 

subject to other applicable laws. 

§ 525.702 Pre-Penalty Notice; settlement. 

(a) When required. If OFAC has 

reason to believe that there has occurred 

a violation of any provision of this part 

or a violation of the provisions of any 

regulation, ruling, instruction, order, 

directive, or license issued by or 

pursuant to the direction or 

authorization of the Secretary of the 

Treasury pursuant to this part or 

otherwise under the International 

Emergency Economic Powers Act (50 

U.S.C. 1701 et seq.) and determines that 

a civil monetary penalty is warranted, 

OFAC will issue a Pre-Penalty Notice 

informing the alleged violator of the 

agency’s intent to impose a monetary 

penalty. A Pre-Penalty Notice shall be in 

writing. The Pre-Penalty Notice may be 

issued whether or not another agency 

has taken any action with respect to the 

matter. For a description of the contents 

of a Pre-Penalty Notice, see appendix A 

to part 501 of this chapter. 

(b) Response—(1) Right to respond. 

An alleged violator has the right to 

respond to a Pre-Penalty Notice by 

making a written presentation to OFAC. 

For a description of the information that 

should be included in such a response, 

see appendix A to part 501 of this 

chapter. 

(2) Deadline for response. A response 

to a Pre-Penalty Notice must be made 

within 30 days as set forth in paragraphs 

(b)(2)(i) and (ii) of this section. The 

failure to submit a response within 30 

days shall be deemed to be a waiver of 

the right to respond. 

(i) Computation of time for response. 

A response to a Pre-Penalty Notice must 

be postmarked or date-stamped by the 

U.S. Postal Service (or foreign postal 

service, if mailed abroad) or courier 

service provider (if transmitted to OFAC 

by courier), or dated if sent by email, on 

or before the 30th day after the postmark 

date on the envelope in which the PrePenalty Notice was mailed or date the 

Pre-Penalty Notice was emailed. If the 

Pre-Penalty Notice was personally 

delivered by a non-U.S. Postal Service 

agent authorized by OFAC, a response 

must be postmarked or date-stamped on 

or before the 30th day after the date of 

delivery. 

(ii) Extensions of time for response. If 

a due date falls on a federal holiday or 

weekend, that due date is extended to 

include the following business day. Any 

other extensions of time will be granted, 

at the discretion of OFAC, only upon 

specific request to OFAC. 

(3) Form and method of response. A 

response to a Pre-Penalty Notice need 

not be in any particular form, but it 

must be typewritten and signed by the 

alleged violator or a representative 

thereof (electronic signature is 

acceptable), contain information 

sufficient to indicate that it is in 

response to the Pre-Penalty Notice, and 

include the OFAC identification number 

listed on the Pre-Penalty Notice. The 

response must be sent to OFAC’s 

Enforcement Division by mail or courier 

or email and must be postmarked or 

date-stamped in accordance with 

paragraph (b)(2) of this section. 

(c) Settlement. Settlement discussion 

may be initiated by OFAC, the alleged 

violator, or the alleged violator’s 

authorized representative. For a 

description of practices with respect to 

settlement, see appendix A to part 501 

of this chapter. 

(d) Guidelines. Guidelines for the 

imposition or settlement of civil 

penalties by OFAC are contained in 

appendix A to part 501 of this chapter. 

(e) Representation. A representative of 

the alleged violator may act on behalf of 

the alleged violator, but any oral 

communication with OFAC prior to a 

written submission regarding the 

specific allegations contained in the PrePenalty Notice must be preceded by a 

written letter of representation, unless 

the Pre-Penalty Notice was served upon 

the alleged violator in care of the 

representative. 

§ 525.703 Penalty imposition. 

If, after considering any written 

response to the Pre-Penalty Notice and 

any relevant facts, OFAC determines 

that there was a violation by the alleged 

violator named in the Pre-Penalty 

Notice and that a civil monetary penalty 

is appropriate, OFAC may issue a 

Penalty Notice to the violator containing 

a determination of the violation and the 

imposition of the monetary penalty. For 

additional details concerning issuance 

of a Penalty Notice, see appendix A to 

part 501 of this chapter. The issuance of 


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the Penalty Notice shall constitute final 

agency action. The violator has the right 

to seek judicial review of that final 

agency action in Federal district court. 

§ 525.70 4 Administrative collection; 

referral to United States Department of 

Justice. 

In the event that the violator does not 

pay the penalty imposed pursuant to 

this part or make payment arrangements 

acceptable to OFAC, the matter may be 

referred for administrative collection 

measures by the Department of the 

Treasury or to the United States 

Department of Justice for appropriate 

action to recover the penalty in a civil 

suit in a federal district court. 

§ 525.705 Findings of Violation. 

(a) When issued. (1) OFAC may issue 

an initial Finding of Violation that 

identifies a violation if OFAC: 

(i) Determines that there has occurred 

a violation of any provision of this part, 

or a violation of the provisions of any 

regulation, ruling, instruction, order, 

directive, or license issued by or 

pursuant to the direction or 

authorization of the Secretary of the 

Treasury pursuant to this part or 

otherwise under the International 

Emergency Economic Powers Act (50 

U.S.C. 1701 et seq); 

(ii) Considers it important to 

document the occurrence of a violation; 

and 

(iii) Based on the Guidelines 

contained in appendix A to part 501 of 

this chapter, concludes that an 

administrative response is warranted 

but that a civil monetary penalty is not 

the most appropriate response. 

(2) An initial Finding of Violation 

shall be in writing and may be issued 

whether or not another agency has taken 

any action with respect to the matter. 

For additional details concerning 

issuance of a Finding of Violation, see 

appendix A to part 501 of this chapter. 

(b) Response—(1) Right to respond. 

An alleged violator has the right to 

contest an initial Finding of Violation 

by providing a written response to 

OFAC. 

(2) Deadline for response; default 

determination. A response to an initial 

Finding of Violation must be made 

within 30 days as set forth in paragraphs 

(b)(2)(i) and (ii) of this section. The 

failure to submit a response within 30 

days shall be deemed to be a waiver of 

the right to respond, and the initial 

Finding of Violation will become final 

and will constitute final agency action. 

The violator has the right to seek 

judicial review of that final agency 

action in federal district court. 

(i) Computation of time for response. 

A response to an initial Finding of 

Violation must be postmarked or datestamped by the U.S. Postal Service (or 

foreign postal service, if mailed abroad) 

or courier service provider (if 

transmitted to OFAC by courier), or 

dated if sent by email, on or before the 

30th day after the postmark date on the 

envelope in which the initial Finding of 

Violation was served or date the Finding 

of Violation was sent by email. If the 

initial Finding of Violation was 

personally delivered by a non-U.S. 

Postal Service agent authorized by 

OFAC, a response must be postmarked 

or date-stamped on or before the 30th 

day after the date of delivery. 

(ii) Extensions of time for response. If 

a due date falls on a federal holiday or 

weekend, that due date is extended to 

include the following business day. Any 

other extensions of time will be granted, 

at the discretion of OFAC, only upon 

specific request to OFAC. 

(3) Form and method of response. A 

response to an initial Finding of 

Violation need not be in any particular 

form, but it must be typewritten and 

signed by the alleged violator or a 

representative thereof (electronic 

signature is acceptable), contain 

information sufficient to indicate that it 

is in response to the initial Finding of 

Violation, and include the OFAC 

identification number listed on the 

initial Finding of Violation. The 

response must be sent to OFAC’s 

Enforcement Division by mail or courier 

or email and must be postmarked or 

date-stamped in accordance with 

paragraph (b)(2) of this section. 

(4) Information that should be 

included in response. Any response 

should set forth in detail why the 

alleged violator either believes that a 

violation of the regulations in this part 

did not occur and/or why a Finding of 

Violation is otherwise unwarranted 

under the circumstances, with reference 

to the General Factors Affecting 

Administrative Action set forth in the 

Guidelines contained in appendix A to 

part 501 of this chapter. The response 

should include all documentary or other 

evidence available to the alleged 

violator that supports the arguments set 

forth in the response. OFAC will 

consider all relevant materials 

submitted in the response. 

(c) Determination—(1) Determination 

that a Finding of Violation is warranted. 

If, after considering the response, OFAC 

determines that a final Finding of 

Violation should be issued, OFAC will 

issue a final Finding of Violation that 

will inform the violator of its decision. 

A final Finding of Violation shall 

constitute final agency action. The 

violator has the right to seek judicial 

review of that final agency action in 

federal district court. 

(2) Determination that a Finding of 

Violation is not warranted. If, after 

considering the response, OFAC 

determines a Finding of Violation is not 

warranted, then OFAC will inform the 

alleged violator of its decision not to 

issue a final Finding of Violation. 

Note 1 to paragraph (c)(2). A 

determination by OFAC that a final Finding 

of Violation is not warranted does not 

preclude OFAC from pursuing other 

enforcement actions consistent with the 

Guidelines contained in appendix A to part 

501 of this chapter. 

(d) Representation. A representative 

of the alleged violator may act on behalf 

of the alleged violator, but any oral 

communication with OFAC prior to a 

written submission regarding the 

specific alleged violations contained in 

the initial Finding of Violation must be 

preceded by a written letter of 

representation, unless the initial 

Finding of Violation was served upon 

the alleged violator in care of the 

representative. 

Lisa M. Palluconi, 

Acting Director, Office of Foreign Assets 

Control. 

[FR Doc. 2024–26127 Filed 11–12–24; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF AGRICULTURE 

Forest Service 

36 CFR Part 242 

DEPARTMENT OF THE INTERIOR 

Fish and Wildlife Service 

50 CFR Part 100 

[Docket No. FWS–R7–SM–2024–0017; 

256D0102DM DS61900000 

DMSN00000.000000 DX61901; 70101–1261– 

0000L6] 

RIN 1018–BH67 

Subsistence Management Regulations 

for Public Lands in Alaska—Subpart B, 

Federal Subsistence Board 

Membership; Correction 

AGENCY: Forest Service, Agriculture; 

Fish and Wildlife Service, Interior. 

ACTION: Final rule; correction. 

SUMMARY: The Departments of the 

Interior and Agriculture are correcting 

an amendatory instruction in the final 

rule that published in the Federal 

Register on October 17, 2024. That rule 

revises the regulations concerning the 

composition of the Federal Subsistence 


lotter on DSK11XQN23PROD with RULES1