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Electronic Code of Federal Regulations

e-CFR Data is current as of August 26, 2014

Title 31Subtitle BChapter VPart 551Subpart D → §551.404


Title 31: Money and Finance: Treasury
PART 551—SOMALIA SANCTIONS REGULATIONS
Subpart D—Interpretations


§551.404   Transactions ordinarily incident to a licensed transaction authorized.

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 §551.201; 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.



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