What 31 CFR Part 599 (Illicit Drug Trade Sanctions Regulations) - OFAC Blocking, Licensing and Reporting requires
31 CFR Part 599, the Illicit Drug Trade Sanctions Regulations, implements the U.S. sanctions targeting the international illicit drug trade administered by the Office of Foreign Assets Control under Executive Order 14059 (86 FR 71549). 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United States or in the possession or control of a U.S. person are blocked and may not be transferred, paid, exported, withdrawn or otherwise dealt in, and U.S. persons are prohibited from engaging in transactions or dealings in blocked property or by, to or for the benefit of a blocked person except as authorized. 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 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-599
SHA-256 integrity: 138e2cb3cf1063f9b4f4652993d3fd10676d5a49a5d2f44af9f4157a4cc8edef
Primary Citations — 9 traced to source
- Executive Order 14059 (86 FR 71549) - blocking property and prohibiting transactions targeting the international illicit drug trade
- the Fentanyl Sanctions Act and the FEND Off Fentanyl Act (21 U.S.C. 2301 et seq.) - statutory authority
+ 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
- Discovery (free): /api/v1/nodes/us-ofac-31-cfr-599-illicit-drug-trade-sanctions-regulations.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/us-ofac-31-cfr-599-illicit-drug-trade-sanctions-regulations.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/us-ofac-31-cfr-599-illicit-drug-trade-sanctions-regulations
- Back to registry: Browse all 10,085 compliance nodes