[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: 31CFR560.417]



[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. 560.417  Facilitation; change of policies and procedures; referral 

of business opportunities offshore.



    With respect to Sec. 560.208, a prohibited facilitation or approval 

of a transaction by a foreign person occurs, among other instances, when 

a United States person:

    (a) Alters its operating policies or procedures, or those of a 

foreign affiliate, to permit a foreign affiliate to accept or perform a 

specific contract, engagement or transaction involving Iran or the 

Government of Iran without the approval of the United States person, 

where such transaction previously required approval by the United States 

person and such transaction by the foreign affiliate would be prohibited 

by this part if performed directly by a United States person or from the 

United States;

    (b) Refers to a foreign person purchase orders, requests for bids, 

or similar business opportunities involving Iran or the Government of 

Iran to which the United States person could not directly respond as a 

result of the prohibitions contained in this part; or

    (c) Changes the operating policies and procedures of a particular 

affiliate with the specific purpose of facilitating transactions that 

would be prohibited by this part if performed by a United States person 

or from the United States.



[64 FR 20172, Apr. 26, 1999]