[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: 31CFR590.406]



[Page 427-428]

 

                  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. 590.406  Offshore transactions.



    (a) The prohibitions contained in Sec. 590.207 apply to 

transactions by any U.S. person in a location outside the United States 

with respect to property in which the U.S. person knows, or has reason 

to know, that a person whose property is blocked pursuant to Sec. 

590.207(a) has or has had an interest since the effective date of Sec. 

590.207.

    (b) Transactions by a U.S. person prohibited by Sec. 590.207 

include but are not limited to:

    (1) Importation into or exportation from locations outside the 

United States of goods, technology, or services in which the U.S. person 

knows, or has reason to know, that a person whose property is blocked 

pursuant to Sec. 590.207(a) has or has had an interest since the 

effective date of Sec. 590.207.

    (2) Purchasing, selling, financing, swapping, insuring, 

transporting, lifting, storing, incorporating, transforming, brokering, 

or otherwise dealing in, within locations outside the United States, 

goods, technology, or services in which the U.S. person knows, or has 

reason to know, that a person whose property is blocked pursuant to 

Sec. 590.207(a) has or has had an interest since the effective date of 

Sec. 590.207.

    (c) Examples. (1) A U.S. person may not, within the United States or 

abroad, purchase, sell, finance, insure, transport, act as a broker for 

the sale or transport of, or otherwise deal in the personal possessions 

of any person whose property is blocked pursuant to Sec. 590.207(a).

    (2) A U.S. person may not, within the United States or abroad, enter 

into any contract for any goods or services with



[[Page 428]]



UNITA or with any other person whose property is blocked pursuant to 

Sec. 590.207(a).