(1)
The term “entity controlled by a foreign government” includes—
(A)
any domestic or foreign organization or corporation that is effectively owned or controlled by a foreign government; and
(B)
any individual acting on behalf of a foreign government,
as determined by the Secretary concerned. Such term does not include an organization or corporation that is owned, but is not controlled, either directly or indirectly, by a foreign government if the ownership of that organization or corporation by that foreign government was effective before October 23, 1992.