[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: 31CFR535.413]



[Page 148]

 

                  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 D_Interpretations

 

Sec. 535.413  Transfers between dollar accounts held for foreign banks.



    Transfers authorized by Sec. 535.901 include transfers by order of 

a non-Iranian foreign bank from its account in a domestic bank (directly 

or through a foreign branch or subsidiary of a domestic bank) to an 

account held by a domestic bank (directly or through a foreign branch or 

subsidiary) for a second non-Iranian foreign bank which in turn credits 

an account held by it abroad for Iran. For the purposes of this section, 

a non-Iranian foreign bank means a bank which is not a person subject to 

the jurisdiction of the United States.



[44 FR 66833, Nov. 21, 1979]