[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: 31CFR592.501]

[Page 927]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 592_ROUGH DIAMONDS CONTROL REGULATIONS--Table of Contents
 
                      Subpart E_Records and Reports
 
Sec. 592.501  Records and reports.


    (a) Any United States person seeking to export from or import into 
the United States any rough diamond shall keep a full record of, in the 
form of reports or otherwise, complete information relating to any act 
or transaction to which any prohibition imposed under Sec. 592.201(a) 
applies. Such record shall be available for examination for at least 5 
years after the date of such act or transaction.
    (b) Every United States person is required to furnish under oath, in 
the form of reports or otherwise, from time to time and at any time as 
may be required by the Director, Office of Foreign Assets Control, 
complete information relative to any act or transaction subject to the 
provisions of this part. The Director may require that such reports 
include the production of books of account, records, contracts, letters, 
memoranda, or other papers in the custody or control of persons required 
to make such reports. Reports with respect to any acts or transactions 
may be required either before or after such acts or transactions are 
completed.