[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: 31CFR500.309]



[Page 16]

 

                  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 C_General Definitions

 

Sec. 500.309  Transactions.



    The phrase transactions which involve property in which any 

designated foreign country, or any national thereof, has any interest of 

any nature whatsoever, direct or indirect, includes, but not by way of 

limitation:

    (a) Any payment or transfer to any such designated foreign country 

or national thereof,

    (b) Any export or withdrawal from the United States to such 

designated foreign country, and

    (c) Any transfer of credit, or payment of an obligation, expressed 

in terms of the currency of such designated foreign country.