President's Executive Order Blocks Property of the Government of Iran and Iranian Financial Institutions

On February 5, 2012, President Obama signed Executive Order 13599 that blocks all property and interests in property of the Government of Iran and any Iranian financial institution, including the Central Bank of Iran, that are or will come within the control of the United States. The Order also blocks the property and interests in property of those United States persons that deal with persons blocked by the Executive Order.  

The Executive Order defines "United States person" as "any United States citizen, permanent resident alien, entity organized under the laws of the United States or any jurisdiction within the United States (including foreign branches), or any person in the United States."