[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: 31CFR588.407]



[Page 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. 588.407  Payments from blocked accounts to satisfy obligations 

prohibited.



    Pursuant to Sec. 588.201, no debits may be made to a blocked 

account to pay obligations to U.S. persons or other persons, except as 

authorized pursuant to this part.