[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: 31CFR535.414]



[Page 148-149]

 

                  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. 535.414  Payments to blocked accounts under Sec. 535.508.



    (a) Section 535.508 does not authorize any transfer from a blocked 

account within the United States to an account held by any bank outside 

the United States or any other payment into a



[[Page 149]]



blocked account outside the United States.

    (b) Section 535.508 only authorizes payment into a blocked account 

held by a domestic bank as defined by Sec. 535.320.



[44 FR 67617, Nov. 26, 1979]