31 C.F.R. Subpart F—Reports
Title 31 - Money and Finance: Treasury
For provisions relating to records and reports, see subpart C of part 501 of this chapter. [62 FR 45101, Aug. 25, 1997] (a) Requirement for reports. Reports are required to be filed on or before March 9, 1998, in the manner prescribed in this section, with respect to all outstanding claims held by United States nationals against the Government of North Korea or any North Korean government entity. (b) Who must report. A report must be submitted by each U.S. national having a claim outstanding against the Government of North Korea or any North Korean government entity. Reports should be submitted only by persons who were U.S. citizens or entities organized under the laws of a U.S. jurisdiction on the date of the loss. (c) How to register. U.S. nationals filing reports of claims must submit a letter containing the information required by paragraph (f) of this section. The letter must be sent to the Blocked Assets Division, Office of Foreign Assets Control, Department of the Treasury, 1500 Pennsylvania Ave., NW.—Annex, Washington, DC 20220, to arrive by March 9, 1998. A copy of the submission should be kept by the claimant. (d) Certification. Every report shall bear the signature of the claimant or a person authorized by the claimant to sign the report. The signature will certify that, to the best of the reporter's knowledge, the statements set forth in the report, including any papers attached to or filed with the report, are true and accurate, and that all material facts in connection with the report have been set forth. (e) Confidentiality of reports. Reports submitted pursuant to this section are regarded as privileged and confidential. (f) Contents of report. The report must contain the following information (with responses numbered to correspond with the numbers used below): (1) Identification of claimant. (i) Claimant's Legal Name. (ii) Claimant's Address. (iii) Telephone number of individual to contact regarding the report. (iv) If claimant is a naturalized citizen of the United States, state the place and date of naturalization. (v) If claimant is a corporation or business, state the place of incorporation and principal place of business. (2) Information concerning claim. (i) Amount of loss in U.S. dollars (indicate exchange or interest rates and relevant dates utilized for any currency translation or interest calculation). (ii) Describe the circumstances of the loss. Include the date of the loss and a description of the property, business, obligation, injury or other damage which is the subject of the claim. (g) Definition of United States national. For purposes of this section, the term United States national or U.S. national means: (1) An individual who is a citizen of the United States; (2) An individual who, though not a citizen of the United States, owes permanent allegiance to the United States, and is not an alien; or (3) A partnership, corporation, or other juridical entity organized under the laws of the United States or any jurisdiction within the United States. (h) Definition of the Government of North Korea; North Korean government entity. For purposes of this section: (1) The term Government of North Korea means the government of the territory of Korea north of the 38th parallel of north latitude, as well as any political subdivision, agency, or instrumentality thereof, or any territory, dependency, colony, protectorate, mandate, dominion, possession, or place subject to the jurisdiction thereof as of the “effective date.” (2) The term North Korean government entity means any corporation, partnership, or association, or other organization, wherever organized or doing business, that is owned or controlled by the Government of North Korea. [62 FR 64721, Dec. 9, 1997]
Title 31: Money and Finance: Treasury
PART 500—FOREIGN ASSETS CONTROL REGULATIONS
Subpart F—Reports
§ 500.601 Records and reports.
§ 500.602 Reporting of claims of U.S. nationals against North Korea.
