[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: 31CFR586.406]

[Page 864]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 586--FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA & MONTENEGRO) KOSOVO SANCTIONS REGULATIONS--Table of Contents
 
                       Subpart D--Interpretations
 
Sec. 586.406  Provision of services.

    (a) Except as otherwise authorized, the prohibitions contained in 
Sec. 586.201 apply to services performed by U.S. persons, wherever 
located:
    (1) On behalf of, or for the benefit of, a person whose property or 
interests in property are blocked pursuant to Sec. 586.201; or
    (2) With respect to property interests of a person whose property or 
interests in property are blocked pursuant to Sec. 586.201.
    (b) Example: U.S. persons may not, without specific authorization 
from the Office of Foreign Assets Control, represent an individual or 
entity with respect to contract negotiations, contract performance, 
commercial arbitration, or other business dealings with persons whose 
property or interests in property are blocked pursuant to Sec. 586.201. 
See Sec. 586.509 on licensing policy with regard to the provision of 
certain legal services.

[63 FR 54576, Oct. 13, 1998, as amended at 66 FR 50509, Oct. 3, 2001]