§ 850.221. Person of a country of concern.
274 words·~1 min read·
/us/cfr/t31/s§ 850.221·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The term person of a country of concern means:
(a)Any individual that:
(1)Is a citizen or permanent resident of a country of concern;
(2)Is not a U.S. citizen; and
(3)Is not a permanent resident of the United States;
(b)An entity with a principal place of business in, headquartered in, or incorporated in or otherwise organized under the laws of, a country of concern;
(c)The government of a country of concern, including any political subdivision, political party, agency, or instrumentality thereof; any person acting for or on behalf of the government of a country of concern; or any entity with respect to which the government of a country of concern holds individually or in the aggregate, directly or indirectly, 50 percent or more of the entity's outstanding voting interest, voting power of the board, or equity interest, or otherwise possesses the power to direct or cause the direction of the management and policies of such entity (whether through the ownership of voting securities, by contract, or otherwise);
(d)Any entity in which one or more persons identified in paragraph (a), (b), or
(c)of this section, individually or in the aggregate, directly or indirectly, holds at least 50 percent of any of the following interests of such entity: outstanding voting interest, voting power of the board, or equity interest; or
(e)Any entity in which one or more persons identified in paragraph
(d)of this section, individually or in the aggregate, directly or indirectly, holds at least 50 percent of any of the following interests of such entity: outstanding voting interest, voting power of the board, or equity interest.