What 31 CFR Part 598 (Foreign Narcotics Kingpin Sanctions Regulations) - OFAC Blocking, Licensing and Reporting requires
31 CFR Part 598, the Foreign Narcotics Kingpin Sanctions Regulations, implements the Foreign Narcotics Kingpin Designation Act, administered by the Office of Foreign Assets Control. All property and interests in property that are in the United States, that come within the United States, or that are or come within the possession or control of a U.S. person, of a specially designated narcotics trafficker are blocked and may not be transferred, paid, exported, withdrawn or otherwise dealt in. The term specially designated narcotics trafficker includes significant foreign narcotics traffickers identified by the President and foreign persons designated by the Secretary of the Treasury for materially assisting, being owned or controlled by, or acting for or on behalf of such a person. No contribution or provision of funds, goods or services, including charitable contributions, may be made by, to or for the benefit of, or received from, a specially designated narcotics trafficker except as authorized. Consistent with OFAC's 50 Percent Rule, an entity owned 50 percent or more, in the aggregate, by one or more specially designated narcotics traffickers is itself blocked. Transactions that would otherwise be prohibited require an OFAC license, payments otherwise due to a blocked person must be placed in a blocked account in a U.S. financial institution, and persons must report and keep records as required and are subject to civil and criminal penalties under the Foreign Narcotics Kingpin Designation 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-598
SHA-256 integrity: f184b3b31f693bbcaa9994f527664f068a93b77a251a1e7d4083f018455272d6
Primary Citations — 8 traced to source
- Foreign Narcotics Kingpin Designation Act, 21 U.S.C. 1901-1908 - statutory authority; penalties under 21 U.S.C. 1906
- 31 CFR Part 598, § 598.202 - prohibited transactions and blocking of property of specially designated narcotics traffickers
+ 6 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/us-ofac-31-cfr-598-foreign-narcotics-kingpin-sanctions-regulations.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/us-ofac-31-cfr-598-foreign-narcotics-kingpin-sanctions-regulations.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/us-ofac-31-cfr-598-foreign-narcotics-kingpin-sanctions-regulations
- Back to registry: Browse all 10,099 compliance nodes