# 31 C.F.R. § 510.302 (2026): Blocked account; blocked property

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_302

## Section

- **Citation:** 31 C.F.R. § 510.302 (2026)
- **Heading:** Blocked account; blocked property
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 31 CFR: Money and Finance: Treasury / Chapter V: OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY / Part 510: NORTH KOREA SANCTIONS REGULATIONS / Subpart C: General Definitions / § 510.302: § 510.302   Blocked account › blocked property.

## Text

For the purposes of this part, the terms
blocked account
and
blocked property
shall mean:
(a) Any account or property subject to the prohibitions in § 510.201(a) held in the name of the Government of North Korea, the Workers' Party of Korea, or any other person whose property and interests in property are blocked pursuant to § 510.201(a), 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; and
(b) Any account or property subject to the prohibitions in § 510.201(d), 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 § 510.302:
See § 510.411 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 § 510.201(a).
[83 FR 9187, Mar. 5, 2018, as amended at 85 FR 20161, Apr. 10, 2020]

## Nearby sections

- [31 C.F.R. § 510.300 (2026) § 510.300   Applicability of definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_300.md)
- [31 C.F.R. § 510.301 (2026) § 510.301   Arms or related materiel.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_301.md)
- [31 C.F.R. § 510.302 (2026) § 510.302   Blocked account; blocked property.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_302.md)
- [31 C.F.R. § 510.303 (2026) § 510.303   Correspondent account.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_303.md)
- [31 C.F.R. § 510.304 (2026) § 510.304   Effective date.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_304.md)
- [31 C.F.R. § 510.305 (2026) § 510.305   Entity.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_305.md)
- [31 C.F.R. § 510.306 (2026) § 510.306   Financial, material, or technological support.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_306.md)
- [31 C.F.R. § 510.307 (2026) § 510.307   Financial services.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_307.md)
- [31 C.F.R. § 510.308 (2026) § 510.308   Financial transaction.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_308.md)
- [31 C.F.R. § 510.309 (2026) § 510.309   Foreign financial institution.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_309.md)
- [31 C.F.R. § 510.310 (2026) § 510.310   Foreign person.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_310.md)
- [31 C.F.R. § 510.311 (2026) § 510.311   Government of North Korea.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_311.md)
- [31 C.F.R. § 510.312 (2026) § 510.312   Information or informational materials.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_312.md)
- [31 C.F.R. § 510.313 (2026) § 510.313   Interest.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_313.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T31_P510_S510_302. Check the current official text before relying on it. Not legal advice.