# 31 CFR § 598.301: Blocked account; blocked property

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-598.301

## Section

- **Citation:** 31 CFR § 598.301
- **Heading:** Blocked account; blocked property
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 31—Money and Finance: Treasury > Subtitle B—Regulations Relating to Money and Finance > CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY > PART 598—FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS > Subpart C—General Definitions

## Text

The terms blocked account and blocked property shall mean any account or property subject to the prohibitions in § 598.202 held in the name of a specially designated narcotics trafficker, 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 § 598.301:
See § 598.314 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 specially designated narcotics traffickers.
[86 FR 26668, May 17, 2021]

## Nearby sections

- [31 CFR § 598.101 § 598.101 Relation of this part to other laws and regulations.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.101.md)
- [31 CFR § 598.201 § 598.201 Applicability of sanctions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.201.md)
- [31 CFR § 598.202 § 598.202 Prohibited transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.202.md)
- [31 CFR § 598.204 § 598.204 Evasions; attempts; conspiracies.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.204.md)
- [31 CFR § 598.205 § 598.205 Effect of transfers violating the provisions of this part.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.205.md)
- [31 CFR § 598.206 § 598.206 Holding of funds in interest-bearing accounts; investment and reinvestment.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.206.md)
- [31 CFR § 598.207 § 598.207 Expenses of maintaining blocked tangible property; liquidation of blocked property.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.207.md)
- [31 CFR § 598.300 § 598.300 Applicability of definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.300.md)
- [31 CFR § 598.301 § 598.301 Blocked account; blocked property.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.301.md)
- [31 CFR § 598.302 § 598.302 Effective date.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.302.md)
- [31 CFR § 598.303 § 598.303 Entity.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.303.md)
- [31 CFR § 598.304 § 598.304 Foreign Narcotics Kingpin Designation Act.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.304.md)
- [31 CFR § 598.305 § 598.305 Foreign person.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.305.md)
- [31 CFR § 598.307 § 598.307 Interest.](https://www.frixlaw.com/law-library/statutes/ecfr-31-598.307.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-598.301. Check the current official text before relying on it. Not legal advice.