[Code of Federal Regulations] [Title 31, Volume 2] [Revised as of July 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 31CFR535.101] [Page 648-650] TITLE 31--MONEY AND FINANCE: TREASURY CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY PART 535_IRANIAN ASSETS CONTROL REGULATIONS--Table of Contents Subpart A_Relation of This Part to Other Laws and Regulations Sec. 535.101 Relation of this part to other laws and regulations. Subpart A_Relation of This Part to Other Laws and Regulations Sec. 535.101 Relation of this part to other laws and regulations. Subpart B_Prohibitions 535.201 Transactions involving property in which Iran or Iranian entities have an interest. 535.202 Transactions with respect to securities registered or inscribed in the name of Iran. 535.203 Effect of transfers violating the provisions of this part. 535.208 Evasions; effective date. 535.210 Direction for establishing an escrow agreement. 535.211 Direction involving transfers by the Federal Reserve Bank concerning certain Iranian property. 535.212 Direction to transfer property in which Iran or an Iranian entity has an interest by branches and offices of United States banks located outside the United States. 535.213 Direction involving property held by offices of banks in the United States in which Iran or an Iranian entity has an interest. 535.214 Direction involving other financial assets in which Iran or an Iranian entity has an interest held by any person subject to the jurisdiction of the United States. 535.215 Direction involving other properties in which Iran or an Iranian entity has an interest held by any person subject to the jurisdiction of the United States. 535.216 Prohibition against prosecution of certain claims. 535.217 Blocking of property of the former Shah of Iran and of certain other Iranian nationals. 535.218 Prohibitions and nullifications with respect to property described in Sec. Sec. 535.211, 535.212, 535.213, 535.214 and 535.215 and standby letters of credit. 535.219 Discharge of obligation by compliance with this part. 535.220 Timing of transfers required by Sec. 535.212. 535.221 Compliance with directive provisions. 535.222 Suspension of claims eligible for Claims Tribunal. [[Page 649]] Subpart C_General Definitions 535.301 Iran; Iranian Entity. 535.308 Person. 535.310 Transfer. 535.311 Property; property interests. 535.312 Interest. 535.316 License. 535.317 General license. 535.318 Specific license. 535.320 Domestic bank. 535.321 United States; continental United States. 535.329 Person subject to the jurisdiction of the United States. 535.333 Properties. 535.334 Act of the Government of Iran. 535.335 Claim arising out of events in Iran. 535.337 Funds. Subpart D_Interpretations 535.401 Reference to amended sections. 535.402 Effect of amendment of sections of this part or of other orders, etc. 535.403 Termination and acquisition of an interest of Iran or an Iranian entity. 535.413 Transfers between dollar accounts held for foreign banks. 535.414 Payments to blocked accounts under Sec. 535.508. 535.415 Payment by Iranian entities of obligations to persons within the United States. 535.416 Letters of credit. 535.420 Transfers of accounts under Sec. 535.508 from demand to interest-bearing status. 535.421 Prior contractual commitments not a basis for licensing. 535.433 Central Bank of Iran. 535.437 Effect on other authorities. 535.438 Standby letters of credit, performance or payment bonds and similar obligations. 535.440 Commercially reasonable interest rates. 535.441 Settlement Agreement regarding small claims. Subpart E_Licenses, Authorizations and Statements of Licensing Policy 535.501 General and sepcific licensing procedures. 535.502 Effect of license or authorization. 535.503 Exclusion from licenses and authorizations. 535.504 Certain judicial proceedings with respect to property of Iran or Iranian entities. 535.508 Payments to blocked accounts in domestic banks. 535.528 Certain transactions with respect to Iranian patents, trademarks and copyrights authorized. 535.531 Payment of certain checks and drafts. 535.532 Completion of certain securities transactions. 535.540 Disposition of certain tangible property. 535.566 Unblocking of foreign currency deposits held by U.S.-owned or controlled foreign firms. 535.567 Payment under advised letters of credit. 535.568 Certain standby letters of credit and performance bonds. 535.569 Licensed letter of credit transactions; forwarding of documents. 535.576 Payment of non-dollar letters of credit to Iran. 535.579 Authorization of new transactions concerning certain Iranian property. 535.580 Necessary living expenses of relatives of the former Shah of Iran. Subpart F_Reports 535.601 Records and reports. Subpart G_Penalties 535.701 Penalties. 535.702 Prepenalty notice. 535.703 Presentation responding to pre penalty notice. 535.704 Penalty notice. 535.705 Referral to United States Department of Justice. Subpart H_Procedures 535.801 Procedures. Subpart I_Miscellaneous Provisions 535.901 Dollar accounts at banks abroad. 535.902 Set-offs by U.S. owned or controlled firms abroad. 535.904 Payment by Iranian entities of obligations to persons within the United States. 535.905 Paperwork Reduction Act notice. Authority: 18 U.S.C. 2332d; 31 U.S.C. 321(b); 50 U.S.C. 1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); E.O. 12170, 44 FR 65729, 3 CFR, 1979 Comp., p. 457; E.O. 12205, 45 FR 24099, 3 CFR, 1980 Comp., p. 248; E.O. 12211, 45 FR 26685, 3 CFR, 1980 Comp., p. 253; E.O. 12276, 46 FR 7913, 3 CFR 1981 Comp., p. 104; E.O. 12279, 46 FR 7919, 3 CFR, 1981 Comp., p. 109; E.O. 12280, 46 FR 7921, 3 CFR, 1981 Comp., p. 110; E.O. 12281, 46 FR 7923, 3 CFR, 1981 Comp., p. 110; E.O. 12282, 46 FR 7925, 3 CFR, 1981 Comp., p. 113; E.O. 12283, 46 FR 7927, 3 CFR, 1981 Comp., p. 114; and E.O. 12294, 46 FR 14111, 3 CFR, 1981 Comp., p. 139. Source: 44 FR 65956, Nov. 15, 1979, unless otherwise noted. [[Page 650]] (a) This part is separate from, and independent of, the other parts of this chapter with the exception of part 501 of this chapter, the recordkeeping and reporting requirements and license application and other procedures of which apply to this part. No license or authorization contained in or issued pursuant to such parts shall be deemed to authorize any transaction prohibited by this part, nor shall any license or authorization issued pursuant to any other provision of law (except this part) be deemed to authorize any transaction so prohibited. (b) No license or authorization contained in or issued pursuant to this part shall be deemed to authorize any transaction to the extent that it is prohibited by reason of the provisions of any law or any statute other than the International Emergency Economic Powers Act, as amended, or any proclamation order or regulation other than those contained in or issued pursuant to this part. [44 FR 65956, Nov. 15, 1979, as amended at 62 FR 45107, Aug. 25, 1997]