§ 505.201 Definitions.
This part includes terms that may differ among various sanctions regulations administered by OFAC. When analyzing a procedure, penalty, or transaction, the appropriate definition is the one contained in the part relating to the associated sanctions regulations. In the case of economic sanctions programs for which implementation and administration are delegated to OFAC but for which regulations have not yet been issued, the definitions of terms in this part are governed by definitions contained in the implementing statute or Executive order.