[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: 31CFR545.408]



[Page 261]

 

                  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 D_Interpretations

 

Sec. 545.408  Offshore transactions.



    (a) The prohibitions contained in Sec. 545.201 apply:

    (1) To transactions by any U.S. person in a location outside the 

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

or has reason to know, that the Taliban or persons whose property or 

interests in property are blocked pursuant to Sec. 545.201 have or have 

had an interest since the effective date; and

    (2) With respect to goods, software, technology, or services which 

the U.S. person knows, or has reason to know, are from the territory of 

Afghanistan controlled by the Taliban.

    (b) Prohibited transactions include, but are not limited to:

    (1) Importation into or exportation from locations outside the 

United States of goods, software, technology or services owned or 

controlled by the Taliban or persons whose property or interests in 

property are blocked pursuant to Sec. 545.201; or

    (2) Purchasing, selling, financing, swapping, insuring, 

transporting, lifting, storing, incorporating, transforming, brokering 

or otherwise dealing in such blocked goods, software, technology, or 

services.

    (c) Example. A U.S. person may not, within the United States or 

abroad, purchase, sell, finance, insure, transport, act as a broker for 

the sale or transport of, or otherwise deal in goods (such as carpets, 

fruits, or nuts), owned or controlled by the Taliban or by persons whose 

property or interests in property are blocked pursuant to Sec. 545.201 

or which comes from the territory of Afghanistan controlled by the 

Taliban.