31 C.F.R. § 594.412
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 § 594.201 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 § 594.201, regardless of whether the name of the entity is incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List).
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2021–2021 · leading case: United States v. Three Sums Totaling $241,386.58 in Seized United States Currency (D.D.C. 2021).
United States v. Three Sums Totaling $241,386.58 in Seized United States Currency (D.D.C. 2021). “2 (quoting 31 C.F.R. Part 594.412). In any event, regardless of the applicability of the Fifty Percent Rule, for the reasons stated above, the Court is satisfied that the allegations implicating the claimant as acting in concert with SDGTs demonstrate the sufficiency of the…”
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