[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: 31CFR594.410]



[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. 594.410  Credit extended and cards issued by U.S. financial 

institutions.



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

transactions or dealings in property subject to those sections prohibits 

U.S. financial institutions from performing under any existing credit 

agreements, including, but not limited to, charge cards, debit cards, or 

other credit facilities issued by a U.S. financial institution to a 

person whose property or interests in property are blocked pursuant to 

Sec. 594.201(a).