[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: 31CFR588.405]



[Page 412-413]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 588_WESTERN BALKANS STABILIZATION REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 588.405  Provision of services.



    (a) Except as provided in Sec. 588.206, the prohibitions on 

transactions involving blocked property contained in Sec. 588.201 apply 

to services performed in the United States or by U.S. persons, wherever 

located, including by an overseas branch of an entity located in the 

United States:



[[Page 413]]



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

interests in property are blocked pursuant to Sec. 588.201(a); or

    (2) With respect to property interests subject to Sec. 588.201.

    (b) Example: U.S. persons may not, except as authorized by or 

pursuant to this part, provide legal, accounting, financial, brokering, 

freight forwarding, transportation, public relations, or other services 

to a person whose property or interests in property are blocked pursuant 

to Sec. 588.201(a).



    Note to Sec. 588.405: See Sec. Sec. 588.507 and 588.508, 

respectively, on licensing policy with regard to the provision of 

certain legal or medical services.