[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: 31CFR545.410]



[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. 545.410  Acquisition of instruments including bankers acceptances.



    No U.S. persons may acquire or deal in any obligation, including 

bankers acceptances and debt of or guaranteed by a person whose property 

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

in which the documents evidencing the obligation indicate, or the U.S. 

person has actual knowledge, that the underlying transaction is in 

violation of Sec. Sec. 545.201 and 545.204 through 545.206. This 

interpretation does not apply to obligations arising from an underlying 

transaction licensed or otherwise authorized pursuant to this part.