[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: 31CFR595.201]



[Page 466]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 595_TERRORISM SANCTIONS REGULATIONS--Table of Contents

 

                         Subpart B_Prohibitions

 

Sec. 595.201  Prohibited transactions involving blocked property.





    (a) Except as authorized by regulations, orders, directives, 

rulings, instructions, licenses, or otherwise, no property or interests 

in property of a specially designated terrorist, that are in the United 

States, that hereafter come within the United States, or that are or 

hereafter come within the possession or control of U.S. persons, 

including their overseas branches, may be transferred, paid, exported, 

withdrawn or otherwise dealt in.

    (b) When a transaction results in the blocking of funds at a 

financial institution pursuant to this section and a party to the 

transaction believes the funds have been blocked due to mistaken 

identity, that party may seek to have such funds unblocked pursuant to 

the administrative procedures set forth in Sec. 501.806 of this 

chapter.



[61 FR 3806, Feb. 2, 1996, as amended at 62 FR 45111, Aug. 25, 1997]