Statutes, codes, and regulations
Code of Federal Regulations
Title 31 - MONEY AND FINANCE: TREASURYSubtitle B - REGULATIONS RELATING TO MONEY AND FINANCEChapter V - OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURYPart 510 - NORTH KOREA SANCTIONS REGULATIONS
Subpart D - INTERPRETATIONS
Section 510.409 - Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked

31 C.F.R. § 510.409

Download
PDF
Current through October 31, 2024
Section 510.409 - Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked

The prohibition in § 510.201 on dealing in property subject to that section and the prohibition in § 510.206 on exporting services to North Korea prohibit U.S. financial institutions from performing under any existing credit agreements, including charge cards, debit cards, or other credit facilities issued by a financial institution to the Government of North Korea, the Workers' Party of Korea, or any other person whose property and interests in property are blocked pursuant to § 510.201(a) .

31 C.F.R. §510.409

83 FR 9187, 3/5/2018