31 C.F.R. § 542.515

Current through November 30, 2024

Section 542.515 - Operation of accounts authorized

The operation of an account in a U.S. financial institution for an individual in Syria other than an individual whose property and interests in property are blocked pursuant to § 542.201 , 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 Syria or for the benefit of individuals ordinarily resident in Syria unless authorized by § 542.512 ; and

(c) Are not otherwise prohibited by this part.

31 C.F.R. §542.515

89 FR 48324 , 6/6/2024