[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: 31CFR586.410]

[Page 865]
 
                  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. 586.410  Transfer of funds to the benefit of certain persons in the territory of the FRY (S&M).

    Section 586.201 does not prohibit U.S. financial institutions that 
are not blocked, including their foreign branches, from transferring 
funds to accounts in financial institutions for the benefit of 
individuals, non-governmental organizations and other persons located in 
the territory of the FRY (S&M) whose property and interests in property 
are not blocked pursuant to that section, provided that such 
transactions do not result in the transfer of funds to or for the 
benefit of persons whose property or interests in property are blocked 
pursuant to Sec. 586.201.