US OFAC Sanctions Compliance Framework
Recordkeeping and reporting (31 CFR Part 501, binding) – US OFAC Sanctions Compliance Framework

US OFAC Sanctions Compliance Framework 501.603(b)(3): Report unblocked or transferred blocked property within 10 business days

What does 501.603(b)(3) require?

31 CFR 501.603(b)(3): reports are due within 10 business days when blocked property is unblocked or transferred, for example under a court or agency order, including Terrorism Risk Insurance Act judgments and forfeiture; not needed for authorised service charges, internal transfers between blocked accounts, releases explicitly authorised by license (unless it requires a report) or delisting; the report attaches the original blocking report and ORS numbers, sent by email or ORS.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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