Current through September 30, 2024
Section 560.416 - Brokering services(a) For purposes of the prohibitions in §§ 560.201 , 560.204 , 560.205 , 560.206 , and 560.208 , the term services includes performing a brokering function.(b)Examples. A person within the United States, or a United States person, wherever located, may not:(1) Act as broker for the provision of goods, services or technology, from whatever source, to or from Iran or the Government of Iran;(2) Act as broker for the purchase or swap of crude oil of Iranian origin or owned or controlled by the Government of Iran;(3) Act as broker for the provision of financing, a financial guarantee or an extension of credit by any person to Iran or the Government of Iran;(4) Act as a broker for the provision of financing, a financial guarantee or an extension of credit to any person specifically to enable that person to construct or operate a facility in Iran or owned or controlled by the Government of Iran; or(5) Act as a broker for the provision of financing, a financial guarantee, or an extension of credit to any person specifically to enable that person to provide goods, services, or technology intended for Iran or the Government of Iran.