§569.503. Exclusion from licenses.
31 C.F.R. § 569.503
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.
Notes, amendments, and revision history
Authority
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq., 1701 et seq.; 28 U.S.C. 2461 note (Pub. L. 101-410, 104 Stat. 890, as amended); 22 U.S.C. 8791 et seq. (Pub. L. 112-158, Title VII, sec. 705, 126 Stat. 1268); 22 U.S.C. 8791 note (Pub. L. 116-92, Div. F, Title LXXIV, 133 Stat. 2291); 22 U.S.C. 9528(a); 50 U.S.C. 1701 note (Pub. L. 118-50, div. P, 138 Stat. 992); E.O. 13606, 77 FR 24571, 3 CFR, 2012 Comp., p. 243; E.O. 13894, 84 FR 55851, 3 CFR, 2019 Comp., p. 382; E.O. 14142, 90 FR 6709; E.O. 14312, 90 FR 29395.
Source
Source: 85 FR 34510, June 5, 2020, unless otherwise noted.