Statutes, codes, and regulations
Code of Federal Regulations
Title 31 - MONEY AND FINANCE: TREASURYSubtitle B - REGULATIONS RELATING TO MONEY AND FINANCEChapter V - OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURYPart 542 - SYRIAN SANCTIONS REGULATIONS
Subpart D - INTERPRETATIONS
Section 542.409 - Credit extended and cards issued by financial institutions

31 C.F.R. § 542.409

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Current through November 30, 2024
Section 542.409 - Credit extended and cards issued by financial institutions

The prohibitions in §§ 542.201 and 542.212 on dealing in property subject to those sections and the prohibition in § 542.207 on exporting services to Syria prohibit U.S. financial institutions from performing under any existing credit agreements, including charge cards, debit cards, or other credit facilities issued by a financial institution to a person whose property and interests in property are blocked pursuant to § 542.201 or a person determined to be subject to the prohibitions of § 542.212.

31 C.F.R. §542.409

79 FR 25416 , May 2, 2014, as amended at 89 FR 48319 , June 6, 2024
As amended at 89 FR 48319 , 6/6/2024