What property is subject to blocking under OFAC regulations?

Under OFAC (Office of Foreign Assets Control) regulations, the term "blocking" refers to the requirement to freeze the property or interests in property owned by individuals or entities that are subject to sanctions. This means that any assets that fall within the jurisdiction of the U.S. and are subject to blocking measures must be identified and prevented from being transferred, paid, exported, withdrawn, or otherwise dealt with.

The correct answer, which states "anything of value," encompasses a broad range of properties that can be subject to blocking. This includes not only tangible assets like real estate but also intangible assets, such as accounts receivable or intellectual property rights, provided they hold value. Essentially, any property or interest in property that is deemed to be under the control of a sanctioned individual or entity is subject to these regulations, thereby justifying the correctness of this choice.

This broad definition reflects the comprehensive nature of OFAC’s authority and ensures that any economic resources that might benefit sanctioned individuals or entities are effectively blocked, preventing the circumvention of U.S. sanctions.