[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: 31CFR594.406]



[Page 458-459]

 

                  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. 594.406  Provision of services.



    (a) Except as provided in Sec. 594.207, the prohibitions on 

transactions or dealings involving blocked property contained in 

Sec. Sec. 594.201 and 594.204 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:

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

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

    (2) With respect to property interests subject to Sec. Sec. 594.201 

and 594.204.

    (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, educational, or 

other services to a person whose property or interests in property are 

blocked pursuant to Sec. 594.201(a).





[[Page 459]]





    Note to Sec. 594.406. See Sec. Sec. 594.506 and 594.507, 

respectively, on licensing policy with regard to the provision of 

certain legal or medical services.