[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: 31CFR585.311]



[Page 356-357]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 585_FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA AND MONTENEGRO) AND 

 

                      Subpart C_General Definitions

 

Sec. 585.311  Government of the FRY (S&M).



    The term Government of the FRY (S&M) includes:

    (a) The state and the Government of the FRY (S&M), the Government of 

Serbia, and the Government of Montenegro, including any subdivisions 

thereof or local governments therein,



[[Page 357]]



their respective agencies or instrumentalities, including the National 

Bank of Yugoslavia, the Yugoslav National Army, the Yugoslav Chamber of 

Economy, the National Bank of Serbia, the Serbian Chamber of Economy, 

the National Bank of Montenegro, and the Montenegrin Chamber of Economy;

    (b) Any entity owned or controlled by the foregoing. For purposes of 

the prohibitions of this part, all entities located in or organized 

under the laws of any jurisdiction within the FRY (S&M) are presumed to 

be controlled by the Government of the FRY (S&M), unless proven 

otherwise;

    (c) Any person to the extent that such person is, or has been, or to 

the extent that there is reasonable cause to believe that such person 

is, or has been, since the effective date, acting or purporting to act, 

directly or indirectly, on behalf of any of the foregoing; and

    (d) Any person or organization determined by the Director of the 

Office of Foreign Assets Control to be included within this section, or 

owned or controlled by such a person or organization.



    Note to Sec. 585.311: Please refer to the appendices at the end of 

this chapter for listings of persons designated pursuant to this part, 

and pursuant to Sec. 585.201(c) with respect to the Bosnian Serbs. 

Section 501.807 of this chapter sets forth the procedures to be followed 

by persons seeking administrative reconsideration of their designation, 

or who wish to assert that the circumstances resulting in the 

designation are no longer applicable.



[58 FR 13201, Mar. 10, 1993, as amended at 61 FR 32938, June 26, 1996; 

62 FR 45110, Aug. 25, 1997]