[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: 31CFR536.201]



[Page 162]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 536_NARCOTICS TRAFFICKING SANCTIONS REGULATIONS--Table of Contents

 

                         Subpart B_Prohibitions

 

Sec. 536.201  Prohibited transactions involving blocked property.





    (a) Except as authorized by regulations, orders, directives, 

rulings, instructions, licenses, or otherwise, and notwithstanding any 

contract entered into or any license or permit granted prior to the 

effective date, no property or interests in property of a specially 

designated narcotics trafficker that are in the United States, that 

hereafter come within the United States, or that are or hereafter come 

within the possession or control of U.S. persons, including their 

overseas branches, may be transferred, paid, exported, withdrawn or 

otherwise dealt in.

    (b) When a transaction results in the blocking of funds at a 

financial institution pursuant to this section and a party to the 

transaction believes the funds have been blocked due to mistaken 

identity, that party may seek to have such funds unblocked pursuant to 

the administrative procedures set forth in Sec. 501.806 of this 

chapter.



[62 FR 9960, Mar. 5, 1997, as amended at 62 FR 45107, Aug. 25, 1997]