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

---
identifier: "/us/cfr/t31/s570.516"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 570.516 - Property and interests in property of Arab Turkish Bank and North African International Bank unblocked."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "570.516"
section_name: "Property and interests in property of Arab Turkish Bank and North African International Bank unblocked."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "570"
part_name: "LIBYAN SANCTIONS REGULATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601  1701  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."
regulatory_source: "87 FR 59678, Oct. 3, 2022, unless otherwise noted."
cfr_part: "570"
---


# 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) or (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) of this section, a report must be filed with the Compliance Division of the Office of Foreign Assets Control via email to *[email protected].* 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.

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