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31 CFR § 588.406 - Offshore transactions involving blocked property.

---
identifier: "/us/cfr/t31/s588.406"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 588.406 - Offshore transactions involving blocked property."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "588.406"
section_name: "Offshore transactions involving blocked property."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "588"
part_name: "WESTERN BALKANS STABILIZATION 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. 13219, 66 FR 34777, 3 CFR, 2001 Comp., p. 778; E.O. 13304, 68 FR 32315, 3 CFR, 2004 Comp., p. 229; E.O. 14033, 86 FR 43905, 3 CFR, 2022 Comp., p. 591."
regulatory_source: "87 FR 58996, Sept. 29, 2022, unless otherwise noted."
cfr_part: "588"
---

# 588.406 Offshore transactions involving blocked property.

The prohibitions in § 588.201 on transactions or dealings involving blocked property, as defined in § 588.301, apply to transactions by any U.S. person in a location outside the United States.