[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR500.101]



[Page 9]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 500_FOREIGN ASSETS CONTROL REGULATIONS--Table of Contents

 

      Subpart A_Relation of This Part to Other Laws and Regulations

 

Sec. 500.101  Relation of this part to other laws and regulations.





    (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 one of those parts, or 

any other provision of law, authorizes any transaction prohibited by 

this part.

    (b) No license or authorization contained in or issued pursuant to 

this part shall be deemed to authorize any transaction prohibited by any 

law other than the Trading With the Enemy Act, 50 U.S.C. App. 5(b), as 

amended, the Foreign Assistance Act of 1961, 22 U.S.C. 2370, or any 

proclamation, order, regulation or license issued pursuant thereto.



[50 FR 27436, July 3, 1985, as amended at 62 FR 45101, Aug. 25, 1997]