[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: 31CFR598.407]



[Page 498]

 

                  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. 598.407  Offshore transactions.



    The prohibitions contained in Sec. 598.203 apply to transactions by 

any U.S. person in a location outside the United States with respect to 

property in which the U.S. person knows, or has reason to know, that a 

specially designated narcotics trafficker has or has had an interest 

since the effective date.