Statutes, codes, and regulations
Code of Federal Regulations
Title 31 - MONEY AND FINANCE: TREASURYSubtitle B - REGULATIONS RELATING TO MONEY AND FINANCEChapter V - OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURYPart 598 - FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS
Subpart D - INTERPRETATIONS
Section 598.405 - Transactions incidental to a licensed transaction

31 C.F.R. § 598.405

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Current through November 30, 2024
Section 598.405 - Transactions incidental to a licensed transaction

Any transaction ordinarily incident to a licensed transaction and necessary to give effect to the licensed transaction is also authorized by the license. Except as specifically authorized by the terms of a license, prohibited transactions by specially designated narcotics traffickers and debits to accounts blocked pursuant to § 598.202 are not considered incidental to a licensed transaction and therefore remain prohibited.

31 C.F.R. §598.405