31 C.F.R. § 585.404

Current through October 31, 2024

Section 585.404 - Transactions ordinarily incident to a licensed transaction

Any transaction ordinarily incident to a licensed transaction and necessary to give effect thereto is also authorized, except:

(a) An ordinarily incident transaction, not explicitly authorized within the terms of the license, by or with a person whose property and interests in property are blocked pursuant to § 585.201 ; or

(b) An ordinarily incident transaction, not explicitly authorized within the terms of the license, involving a debit to a blocked account or a transfer of blocked property.

31 C.F.R. §585.404

86 FR 3794, 1/15/2021