---
kind: "section"
citation: "31 C.F.R. § 578.406"
title: "31"
number: "578.406"
heading: "Offshore transactions involving blocked property."
url: "https://uscodex.org/cfr/31/578.406"
---

# §578.406. Offshore transactions involving blocked property.


The prohibitions in [§ 578.201](/cfr/31/578.201.md) on transactions or dealings involving blocked property, as defined in [§ 578.301](/cfr/31/578.301.md), apply to transactions by any U.S. person in a location outside the United States.


## Notes

### Authority

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq., 1701 et seq.; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); Pub. L. 115-44, 131 Stat. 886 (codified in scattered sections of 22 U.S.C.); E.O. 13694, 80 FR 18077, 3 CFR 2015 Comp., p. 297; E.O. 13757, 82 FR 1, 3 CFR 2016 Comp., p. 659.

### Source

Source: 87 FR 54376, Sept. 6, 2022, unless otherwise noted.