Bidda Sovereign Intelligence · 10,085 Verified Nodes · 39 Sovereign Pillars

31 CFR Part 578 (Cyber-Related Sanctions Regulations) - OFAC Blocking, Licensing and Reporting

31 CFR Part 578, the Cyber-Related Sanctions Regulations, implements the U.S. sanctions targeting significant malicious cyber-enabled activities,…

What 31 CFR Part 578 (Cyber-Related Sanctions Regulations) - OFAC Blocking, Licensing and Reporting requires

31 CFR Part 578, the Cyber-Related Sanctions Regulations, implements the U.S. sanctions targeting significant malicious cyber-enabled activities, administered by the Office of Foreign Assets Control under Executive Order 13694 as amended by Executive Order 13757. All property and interests in property of persons designated under the program that are in the United States or in the possession or control of a U.S. person are blocked and may not be transferred, paid, exported, withdrawn or otherwise dealt in, and any transaction that evades or avoids, or attempts to violate, the prohibitions is itself prohibited. Persons may be designated for cyber-enabled activities that harm critical infrastructure, misappropriate funds or economic resources, or interfere with election processes. Consistent with OFAC's 50 Percent Rule, an entity owned 50 percent or more, directly or indirectly, in the aggregate by one or more blocked persons is itself blocked. Transactions that would otherwise be prohibited require an OFAC general or specific license, and payments otherwise due to a blocked person must be placed in a blocked, interest-bearing account in a U.S. financial institution. U.S. persons must report blocked property and rejected transactions to OFAC within 10 business days and file the annual report of blocked property, must maintain full records for at least five years, and are subject to civil and criminal penalties under the International Emergency Economic Powers Act for violations.

Pillar: Financial Crime, AML & Sanctions · Authority: US Department of the Treasury Office of Foreign Assets Control (OFAC) · Version: 1.0.0 · Last updated:

Primary source: https://www.ecfr.gov/current/title-31/subtitle-B/chapter-V/part-578

SHA-256 integrity: b14e7e4bf383474672a956b1c8927a201cfd26780b767768627cb7b2c17f7cc4

Primary Citations — 9 traced to source

  • Executive Order 13694 (80 FR 18077) as amended by Executive Order 13757 (82 FR 1) - blocking property of certain persons engaging in significant malicious cyber-enabled activities
  • International Emergency Economic Powers Act, 50 U.S.C. 1701-1708 - statutory authority and penalties (50 U.S.C. 1705)

+ 7 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.

Access

⚠ Important: Human Verification Required

Bidda compliance nodes are reference intelligence, not legal advice. Every node must be reviewed by a qualified compliance professional or legal counsel before implementation in any enterprise workflow, regulated system, or compliance programme. See bidda.com/disclaimer for full terms.