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 599 - ILLICIT DRUG TRADE SANCTIONS REGULATIONS
Subpart D - INTERPRETATIONS
Section 599.404 - Transactions ordinarily incident to a licensed transaction

31 C.F.R. § 599.404

Download
PDF
Current through November 30, 2024
Section 599.404 - 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 § 599.201 ; 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. §599.404

87 FR 77712 , 12/20/2022