OFAC Defines "Support" Criteria for Blocking Property Under Ivory Coast, Darfur, Congo Sanction Regs
The Office of Foreign Assets Control has issued a final rule that, effective February 8, 2012, amends the Cote d’Ivoire Sanctions Regulations, the Darfur Sanctions Regulations, and the Democratic Republic of the Congo Sanctions Regulations to add a definition of the term "financial, material, or technological support," as providing such support for a person whose property and interests in property are blocked under those regulations and which constitutes one of the criteria for designation as a person whose property and interests in property are blocked.
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Definition of "Financial, Material, or Technological Support"
The term "financial, material, or technological support" for these OFAC regulations is defined as follows:
"Any property, tangible or intangible, including but not limited to currency, financial instruments, securities, or any other transmission of value; weapons or related material; chemical or biological agents; explosives; false documentation or identification; communications equipment; computers; electronic or other devices or equipment; technologies; lodging; safe houses; facilities; vehicles or other means of transportation; or goods.
‘‘Technologies’’ as used in this definition means specific information necessary for the development, production, or use of a product, including related technical data such as blueprints, plans, diagrams, models, formulas, tables, engineering designs and specifications, manuals, or other recorded instructions."
(FR Pub 02/08/12)