---
kind: "section"
citation: "31 C.F.R. § 570.516"
title: "31"
number: "570.516"
heading: "Property and interests in property of Arab Turkish Bank and North African International Bank unblocked."
url: "https://uscodex.org/cfr/31/570.516"
---

# §570.516. Property and interests in property of Arab Turkish Bank and North African International Bank unblocked.

- (a) As of December 1, 2011, all property and interests in property of Arab Turkish Bank and North African International Bank blocked pursuant to § [570.201(a)(1)](/cfr/31/570.201.md?p=a-1) or [(3)](/cfr/31/570.201.md?p=a-3) are unblocked.
- (b) Within 10 business days of the release of any blocked funds, including cash, securities, bank accounts, and investment accounts, pursuant to [paragraph (a)](#a) of this section, a report must be filed with the Compliance Division of the Office of Foreign Assets Control via email to OFACreport@treasury.gov. For each amount released, the report must include a copy of the related initial blocking report and indicate the date that the funds were released and the amount released.

## Notes

### Amendments

[87 FR 59678, Oct. 3, 2022, as amended at 89 FR 15742, Mar. 5, 2024]

### Authority

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq., 1701 et seq.; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13566, 76 FR 11315, 3 CFR, 2011 Comp., p. 222; E.O. 13726, 81 FR 23559, 3 CFR, 2016 Comp., p. 454.

### Source

Source: 87 FR 59678, Oct. 3, 2022, unless otherwise noted.

### Amendments

[87 FR 59678, Oct. 3, 2022, as amended at 89 FR 15742, Mar. 5, 2024]