OFAC regulations Blocking Property of Certain Persons Undermining Democratic Processes or Institutions in Belarus

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The Office of Foreign Assets Control added new part 548 to chapter V of 31 C.F.R. to implement Executive Order 13405 of June 26, 2006, "Blocking Property of Certain Persons Undermining Democratic Processes or Institutions in Belarus."

The President determined that the action of certain members of the Government of Belarus and other persons to undermine Belarus democratic processes or institutions, to commit human rights abuses related to political repression, and to engage in public corruption constitute an unusual and extraordinary threat to the national security and foreign policy of the United States, and declared a national emergency and took additional steps to deal with that threat. E.O. 13405 blocks, with certain exceptions, all property and interests in property in the United States, or within the possession or control of U.S. persons, of the persons listed in the Annex to E.O. 13405 and any person determined to meet the designation criteria set forth in E.O. 13405.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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