[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: 31CFR596.504]



[Page 479]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 596_TERRORISM LIST GOVERNMENTS SANCTIONS REGULATIONS--Table of 

Contents

 

  Subpart E_Licenses, Authorizations and Statements of Licensing Policy

 

Sec. 596.504  Certain financial transactions with Terrorism List 

Governments authorized.



    (a) United States persons are authorized to engage in all financial 

transactions with a Terrorism List Government that is not otherwise 

subject to 31 CFR chapter V, except for a transfer from a Terrorism List 

Government:

    (1) Constituting a donation to a United States person; or

    (2) With respect to which the United States person knows (including 

knowledge based on advice from an agent of the United States 

Government), or has reasonable cause to believe, that the transfer poses 

a risk of furthering terrorist acts in the United States.

    (b) Nothing in this section authorizes the return of a transfer 

prohibited by paragraph (a)(2) of this section.