[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: 31CFR598.409]



[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. 598.409  Credit extended and cards issued by U.S. financial 

institutions.



    The prohibition in Sec. 598.203 on dealing in property in which a 

specially designated narcotics trafficker has an interest prohibits U.S. 

financial institutions from performing under any existing credit 

agreements, including, but not limited to, charge cards, debit cards, or 

other credit facilities issued by a U.S. financial institution to a 

specially designated narcotics trafficker.