[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: 31CFR550.413]



[Page 282]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 550_LIBYAN SANCTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 550.413  Payments to Libya prohibited.



    The prohibition of transfers of property or interests in property to 

the Government of Libya in Sec. 550.209 applies to payments and 

transfers of any kind whatsoever, including payment of debt obligations, 

fees, taxes, and royalties owed to the Government of Libya, and also 

including payment or transfer of dividend checks, interest payments, and 

other periodic payments. Such payments may be made into blocked accounts 

as provided in Sec. 550.511.



[51 FR 2464, Jan. 16, 1986]