[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: 31CFR541.406]



[Page 232]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 541_ZIMBABWE SANCTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 541.406  Offshore transactions.



    The prohibitions in Sec. 541.201 on transactions involving blocked 

property apply to transactions by any U.S. person in a location outside 

the United States with respect to property that the U.S. person knows, 

or has reason to know, is held in the name of a person whose property or 

interests in property are blocked pursuant to Sec. 541.201(a) or in 

which the U.S. person knows, or has reason to know, a person whose 

property or interests in property are blocked pursuant to Sec. 

541.201(a) has or has had an interest since the effective date.