[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: 31CFR590.405]



[Page 427]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 590_ANGOLA (UNITA) SANCTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 590.405  Transactions incidental to a licensed transaction.



    Any transaction ordinarily incident to a licensed transaction and 

necessary to give effect to the licensed transaction is also authorized 

by the license. Except as specifically authorized by the terms of a 

license, prohibited transactions by persons whose property is blocked 

pursuant to Sec. 590.207(a) and debits to accounts blocked pursuant to 

Sec. 590.207(a) are not considered incidental to a licensed transaction 

and therefore remain prohibited.