[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: 31CFR594.405]



[Page 458]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 594_GLOBAL TERRORISM SANCTIONS REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 594.405  Transactions incidental to a licensed transaction.



    Any transaction ordinarily incident to a licensed transaction and 

necessary to give effect thereto is also authorized, except:

    (a) An incidental transaction, not explicitly authorized within the 

terms of the license, by or with a person whose property or interests in 

property are blocked pursuant to Sec. 594.201(a); or

    (b) An incidental transaction, not explicitly authorized within the 

terms of the license, involving a debit to a blocked account or a 

transfer of blocked property.