31 C.F.R. § 569.404

Current through July 31, 2024

Section 569.404 - Transactions ordinarily incident to a licensed transaction

Any transaction ordinarily incident to a licensed transaction and necessary to give effect thereto is also authorized, except:

(a) An ordinarily incident transaction, not explicitly authorized within the terms of the license, by or with a person whose property and interests in property are blocked pursuant to § 569.201 ; or

(b) An ordinarily incident transaction, not explicitly authorized within the terms of the license, involving a debit to a blocked account or a transfer of blocked property.

31 C.F.R. §569.404

85 FR 34510, 6/5/2020