31 CFR § 585.406 - Entities owned by one or more persons whose property and interests in property are blocked.

---
identifier: "/us/cfr/t31/s585.406"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 585.406 - Entities owned by one or more persons whose property and interests in property are blocked."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "585.406"
section_name: "Entities owned by one or more persons whose property and interests in property are blocked."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "585"
part_name: "HONG KONG-RELATED 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  Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); E.O. 13936, 85 FR 43413, 3 CFR, 2020 Comp., p. 399."
regulatory_source: "At 86 FR 3794, Jan. 15, 2021, unless otherwise noted."
cfr_part: "585"
---


# 585.406 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 § 585.201 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 § 585.201, regardless of whether the name of the entity is incorporated into OFAC's Specially Designated Nationals and Blocked Persons List (SDN List).