[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: 31CFR585.405]



[Page 358-359]

 

                  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 D_Interpretations

 

Sec. 585.405  Acquisition of instruments including bankers acceptances.



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

bankers acceptances and debt of or guaranteed by the a person whose 

property or interests in property are blocked pursuant to Sec. 585.201, 

where the documents evidencing the obligation indicate, or



[[Page 359]]



the U.S. person has actual knowledge, that the underlying transaction is 

in violation of Sec. 585.201, Sec. Sec. 585.204-585.212, and 

Sec. Sec. 585.217-585.218. This interpretation does not apply to 

obligations arising from an underlying transaction licensed or otherwise 

authorized pursuant to this part.



[58 FR 13201, Mar. 10, 1993, as amended at 60 FR 34146, June 30, 1995]