[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: 31CFR575.405]



[Page 340]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 575_IRAQI SANCTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 575.405  Acquisition of instruments including bankers acceptances.



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

bankers acceptances, where the documents evidencing the obligation 

indicate, or the U.S. person has actual knowledge, that the underlying 

transaction is in violation of Sec. Sec. 575.201, 575.204, or Sec. 

575.205. This interpretation does not apply to obligations arising from 

an underlying transaction licensed or otherwise authorized pursuant to 

this part.