31 C.F.R. § 594.405

Current through July 31, 2024

Section 594.405 - Transactions incidental to a licensed transaction

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

(a) An incidental transaction, not explicitly authorized within the terms of the license, by or with a person whose property or interests in property are blocked pursuant to § 594.201(a) ; or

(b) An incidental 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. §594.405