[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: 31CFR560.416]



[Page 306]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 560_IRANIAN TRANSACTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 560.416  Brokering services.



    (a) For purposes of the prohibitions in Sec. Sec. 560.201, 560.204, 

560.205, 560.206 and 560.208, the term services includes performing a 

brokering function.

    (b) Examples. A person within the United States, or a United States 

person, wherever located, may not:

    (1) Act as broker for the provision of goods, services or 

technology, from whatever source, to or from Iran or the Government of 

Iran;

    (2) Act as broker for the purchase or swap of crude oil of Iranian 

origin or owned or controlled by the Government of Iran;

    (3) Act as broker for the provision of financing, a financial 

guarantee or an extension of credit by any person to Iran or the 

Government of Iran;

    (4) Act as a broker for the provision of financing, a financial 

guarantee or an extension of credit to any person specifically to enable 

that person to construct or operate a facility in Iran or owned or 

controlled by the Government of Iran; or

    (5) Act as a broker for the provision of financing, a financial 

guarantee, or an extension of credit to any person specifically to 

enable that person to provide goods, services, or technology intended 

for Iran or the Government of Iran.



[64 FR 20172, Apr. 26, 1999]