[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: 31CFR586.410]



[Page 384]

 

                  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. 586.410  Transfer of funds to the benefit of certain persons in 

the territory of the FRY (S&M).



    Section 586.201 does not prohibit U.S. financial institutions that 

are not blocked, including their foreign branches, from transferring 

funds to accounts in financial institutions for the benefit of 

individuals, non-governmental organizations and other persons located in 

the territory of the FRY (S&M) whose property and interests in property 

are not blocked pursuant to that section, provided that such 

transactions do not result in the transfer of funds to or for the 

benefit of persons whose property or interests in property are blocked 

pursuant to Sec. 586.201.