[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: 31CFR550.413]

[Page 765]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 550_LIBYAN SANCTIONS REGULATIONS--Table of Contents
 
                        Subpart D_Interpretations
 
Sec. 550.413  Payments to Libya prohibited.

    The prohibition of transfers of property or interests in property to 
the Government of Libya in Sec. 550.209 applies to payments and 
transfers of any kind whatsoever, including payment of debt obligations, 
fees, taxes, and royalties owed to the Government of Libya, and also 
including payment or transfer of dividend checks, interest payments, and 
other periodic payments. Such payments may be made into blocked accounts 
as provided in Sec. 550.511.

[51 FR 2464, Jan. 16, 1986]