[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: 31CFR594.407]



[Page 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. 594.407  Offshore transactions.



    The prohibitions in Sec. Sec. 594.201 and 594.204 on transactions 

or dealings involving blocked property apply to transactions or dealings 

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

to property that the U.S. person knows, or has reason to know, is held 

in the name of a person whose property or interests in property are 

blocked pursuant to Sec. 594.201(a) or in which the U.S. person knows, 

or has reason to know, a person whose property or interests in property 

are blocked pursuant to Sec. 594.201(a) has or has had an interest 

since the effective date.