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 561 - IRANIAN FINANCIAL SANCTIONS REGULATIONS
Subpart D - INTERPRETATIONS
Section 561.407 - Conducting or facilitating a financial transaction with the Central Bank of Iran or a designated Iranian financial institution

31 C.F.R. § 561.407

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Current through November 30, 2024
Section 561.407 - Conducting or facilitating a financial transaction with the Central Bank of Iran or a designated Iranian financial institution

A foreign financial institution conducts or facilitates a financial transaction with the Central Bank of Iran or a designated Iranian financial institution if it maintains an account for such entities or engages in a financial transaction directly or indirectly with such entities.

Note to § 561.407 : See § 561.404 for factors that may be considered in determining whether a financial transaction is significant, as required for the imposition of certain sanctions pursuant to this part.

31 C.F.R. §561.407