31 C.F.R. § 589.515

Current through November 30, 2024

Section 589.515 - Operation of accounts for individuals ordinarily resident in the Crimea region of Ukraine

The operation of an account in a U.S. financial institution for an individual ordinarily resident in the Crimea region of Ukraine, other than an individual whose property and interests in property are blocked § 589.201 , is authorized, provided that transactions processed through the account:

(a) Are of a personal nature and not for use in supporting or operating a business;

(b) Do not involve transfers, directly or indirectly, to the Crimea region of Ukraine or for the benefit of individuals ordinarily resident in the Crimea region of Ukraine unless authorized by § 589.514 ; and

31 C.F.R. §589.515

87 FR 26099 , 5/2/2022