[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR575.405]

[Page 811]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 575--IRAQI SANCTIONS REGULATIONS--Table of Contents
 
                       Subpart D--Interpretations
 
Sec. 575.405  Acquisition of instruments including bankers acceptances.

    No U.S. person may acquire or deal in any obligation, including 
bankers acceptances, where the documents evidencing the obligation 
indicate, or the U.S. person has actual knowledge, that the underlying 
transaction is in violation of Secs. 575.201, 575.204, or Sec. 575.205. 
This interpretation does not apply to obligations arising from an 
underlying transaction licensed or otherwise authorized pursuant to this 
part.