Current through October 31, 2024
Section 549.405 - Provision of services(a) Except as provided in § 549.206 , the prohibitions on transactions involving blocked property contained in § 549.201 apply to services performed in the United States or by U.S. persons, wherever located, including by an overseas branch of an entity located in the United States:(1) On behalf of or for the benefit of a person whose property and interests in property are blocked pursuant to § 549.201(a) ; or(2) With respect to property interests subject to § 549.201 .(b)Example. U.S. persons may not, except as authorized by or pursuant to this part, provide legal, accounting, financial, brokering, freight forwarding, transportation, public relations, or other services to a person whose property and interests in property are blocked pursuant to § 549.201(a) .Note to § 549.405 : See§§ 549.507 and 549.508 on licensing policy with regard to the provision of certain legal and medical services.