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 536 - NARCOTICS TRAFFICKING SANCTIONS REGULATIONS
Subpart D - INTERPRETATIONS
Section 536.409 - Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked

31 C.F.R. § 536.409

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Current through September 30, 2024
Section 536.409 - Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked

The prohibition in § 536.201 on dealing in property subject to that section prohibits 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 a specially designated narcotics trafficker.

31 C.F.R. §536.409

86 FR 26665, May 17, 2021
86 FR 26665, 5/17/2021