[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: 31CFR586.406]



[Page 382]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 586_FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA & MONTENEGRO) KOSOVO 

SANCTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 586.406  Provision of services.



    (a) Except as otherwise authorized, the prohibitions contained in 

Sec. 586.201 apply to services performed by U.S. persons, wherever 

located:

    (1) On behalf of, or for the benefit of, a person whose property or 

interests in property are blocked pursuant to Sec. 586.201; or

    (2) With respect to property interests of a person whose property or 

interests in property are blocked pursuant to Sec. 586.201.

    (b) Example: U.S. persons may not, without specific authorization 

from the Office of Foreign Assets Control, represent an individual or 

entity with respect to contract negotiations, contract performance, 

commercial arbitration, or other business dealings with persons whose 

property or interests in property are blocked pursuant to Sec. 586.201. 

See Sec. 586.509 on licensing policy with regard to the provision of 

certain legal services.



[63 FR 54576, Oct. 13, 1998, as amended at 66 FR 50509, Oct. 3, 2001]