[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: 31CFR501.101]



[Page 48-49]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 501_REPORTING, PROCEDURES AND PENALTIES REGULATIONS--Table of 

Contents

 

     Subpart A_Relation of This Part to Other Parts in This Chapter

 

Sec. 501.101  Relation of this part to other parts in this chapter.





    This part sets forth standard reporting and recordkeeping 

requirements and license application and other procedures governing 

transactions regulated pursuant to other parts codified in this chapter, 

as well as to economic sanctions programs for which implementation and 

administration are delegated to the Office of Foreign Assets Control. 

Substantive prohibitions and policies particular to each economic



[[Page 49]]



sanctions program are not contained in this part but are set forth in 

the particular part of this chapter dedicated to that program, or, in 

the case of economic sanctions programs not yet implemented in 

regulations, in the applicable executive order or other authority. 

License application procedures and reporting requirements set forth in 

this part govern transactions undertaken pursuant to general or specific 

licenses. The criteria for general and specific licenses pertaining to a 

particular economic sanctions program are set forth in subpart E of the 

individual parts in this chapter. Statements of licensing policy 

contained in subpart E of the individual parts in this chapter, however, 

may contain additional information collection provisions that require 

production of specified documentation unique to a given general license 

or statement of licensing policy.



[62 FR 52494, Oct. 8, 1997]