[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: 31CFR535.415]



[Page 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. 535.415  Payment by Iranian entities of obligations to persons 

within the United States.



    A person receiving payment under Sec. 535.904 may distribute all or 

part of that payment to anyone: Provided, That any such payment to Iran 

or an Iranian entity must be to a blocked account in a domestic bank.



[44 FR 67617, Nov. 26, 1979]