[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: 31CFR598.405]



[Page 497]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 598_FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS--Table of 

Contents

 

                        Subpart D_Interpretations

 

Sec. 598.405  Transactions incidental to a licensed transaction.



    Any transaction ordinarily incident to a licensed transaction and 

necessary to give effect to the licensed transaction is also authorized 

by the license. Except as specifically authorized by the terms of a 

license, prohibited transactions by specially designated narcotics 

traffickers and debits to accounts blocked pursuant to Sec. 598.202 are 

not considered incidental to a licensed transaction and therefore remain 

prohibited.