[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: 31CFR597.406]



[Page 487]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 597_FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS--Table 

of Contents

 

                        Subpart D_Interpretations

 

Sec. 597.406  Offshore transactions.



    The prohibitions contained in Sec. 597.201 apply to transactions by 

U.S. financial institutions in locations outside the United States with 

respect to funds or assets which the U.S. financial institution knows, 

or becomes aware, are held in the name of a foreign terrorist 

organization or its agent, or in which the U.S. financial institution 

knows, or becomes aware that, a foreign terrorist organization or its 

agent has or has had an interest since the effective date.