31 C.F.R. § 542.406
Offshore transactions involving blocked property.
The prohibitions in § 542.201 on transactions or dealings involving blocked property, as defined in § 542.301, including property held in the name of the Government of Syria, apply to transactions by any U.S. person in a location outside the United States.
[79 FR 25416, May 2, 2014, as amended at 89 FR 48319, June 6, 2024]