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Electronic Code of Federal Regulations

e-CFR data is current as of December 4, 2019

Title 31Subtitle BChapter VPart 560Subpart D → §560.424


Title 31: Money and Finance: Treasury
PART 560—IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS
Subpart D—Interpretations


§560.424   Payments from blocked accounts to satisfy obligations prohibited.

Pursuant to §560.211, no debits may be made to a blocked account to pay obligations to U.S. persons or other persons, except as authorized by or pursuant to this part.

Note to §560.424: See also §560.502(f), which provides that no license or other authorization contained in or issued pursuant to this part authorizes transfers of or payments from blocked property or debits to blocked accounts unless the license or other authorization explicitly authorizes the transfer of or payment from blocked property or the debit to a blocked account.

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