[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: 31CFR585.405]

[Page 840]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
     PART 585--FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA AND MONTENEGRO) AND BOSNIAN SERB-CONTROLLED AREAS OF THE REPUBLIC OF BOSNIA AND HERZEGOVINA SANCTIONS 
REGULATIONS--Table of Contents
 
                       Subpart D--Interpretations
 
Sec. 585.405  Acquisition of instruments including bankers acceptances.

    No U.S. person may acquire or deal in any obligation, including 
bankers acceptances and debt of or guaranteed by the a person whose 
property or interests in property are blocked pursuant to Sec. 585.201, 
where the documents evidencing the obligation indicate, or the U.S. 
person has actual knowledge, that the underlying transaction is in 
violation of Sec. 585.201, Secs. 585.204-585.212, and Secs. 585.217-
585.218. This interpretation does not apply to obligations arising from 
an underlying transaction licensed or otherwise authorized pursuant to 
this part.

[58 FR 13201, Mar. 10, 1993, as amended at 60 FR 34146, June 30, 1995]