[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: 31CFR545.201]



[Page 253-254]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 545_TALIBAN (AFGHANISTAN) SANCTIONS REGULATIONS--Table of Contents

 

                         Subpart B_Prohibitions

 

Sec. 545.201  Prohibited transactions involving blocked property.





    (a) Except as otherwise 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, property or property interests of 

the following persons 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 are blocked, and may not be 

transferred, paid, exported, withdrawn, or otherwise dealt in:

    (1) The Taliban; and

    (2) Persons determined by the Secretary of the Treasury, in 

consultation with the Secretary of State and the Attorney General:

    (i) To be owned or controlled by, or to act for or on behalf of, the 

Taliban; or

    (ii) To provide financial, material, or technological support for, 

or services in support of, any of the foregoing.



    Note to paragraph (a) of Sec. 545.201.

    Please refer to the appendices at the end of this chapter V for 

listings of persons designated pursuant to this section. Section 501.807 

of this chapter V sets forth the procedures to be followed by persons 

seeking administrative reconsideration of their designation or who wish 

to assert that the circumstances resulting in designation no longer 

apply. Similarly, 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 to 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.



    (b) Except as otherwise authorized, and notwithstanding any contract 

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

date, any transaction or dealing by U.S. persons or within the United 

States in property or interests in property blocked pursuant to 

paragraph (a) of this section is prohibited, including the making or 

receiving of any contribution of funds, goods, or services to or for the 

benefit of the Taliban or persons designated pursuant to Sec. 

545.201(a).

    (c) Unless otherwise authorized by this part or by a specific 

license expressly referring to this section, any dealing in any security 

(or evidence thereof) held within the possession or control of a U.S. 

person and either registered or inscribed in the name of or known to be 

held for the benefit of any person whose property or interests in 

property are blocked pursuant to this section is prohibited. This 

prohibition



[[Page 254]]



includes but is not limited to the transfer (including the transfer on 

the books of any issuer or agent thereof), disposition, transportation, 

importation, exportation, or withdrawal of any such security or the 

endorsement or guaranty of signatures on any such security. This 

prohibition applies irrespective of the fact that at any time (whether 

prior to, on, or subsequent to January 11, 2001) the registered or 

inscribed owner of any such security may have or might appear to have 

assigned, transferred, or otherwise disposed of the security.