[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: 31CFR535.214]



[Page 141]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 535_IRANIAN ASSETS CONTROL REGULATIONS--Table of Contents

 

                         Subpart B_Prohibitions

 

Sec. 535.214  Direction involving other financial assets in which Iran 



or an Iranian entity has an interest held by any person subject to the 

jurisdiction of 

          the United States.



    (a) Any person subject to the jurisdiction of the United States 

which is not a banking institution and is on January 19, 1981, in 

possession or control of funds or securities of Iran or its agencies, 

instrumentalities or controlled entities is licensed, authorized, 

directed and compelled to transfer such funds or securities to the 

Federal Reserve Bank of New York, as fiscal agent of the U.S. to be held 

or transferred as directed by the Secretary of the Treasury. However, 

such funds and securities need not be transferred until any disputes 

(not relating to any attachment, injunction or similar order) as to the 

entitlement of Iran and its entities to them are resolved.

    (b) Transfers of funds and securities under paragraph (a) of this 

section shall be in accordance with the provisions of Sec. 535.221 of 

this part, and such funds and securities shall be received by the 

Federal Reserve Bank of New York by 11 a.m., E.D.T., July 10, 1981.

    (c) Any funds, securities or deposits subject to a valid attachment, 

injunction or other like proceeding or process not affected by Sec. 

535.218 need not be transferred as otherwise required by this section.

    (d) The transfers of securities required by this section shall be 

made notwithstanding Sec. 535.202.



(Secs. 201-207, 91 Stat. 1626, 50 U.S.C. 1701-1706; E.O. 12170, 44 FR 

65729; E.O. 12205, 45 FR 24099; E.O. 12211, 45 FR 26685; E.O. 12276, 46 

FR 7913; E.O. 12279, 46 FR 7919; E.O. 12280, 46 FR 7921; E.O. 12281, 46 

FR 7923; E.O. 12282, 46 FR 7925; E.O. 12283, 46 FR 7927, and E.O. 12294, 

46 FR 14111)



[46 FR 26447, May 13, 1981, as amended at 46 FR 30341, June 8, 1981; 46 

FR 35107, July 7, 1981]