Regulations last checked for updates: Jun 01, 2024

Title 31 - Money and Finance: Treasury last revised: May 29, 2024
§ 599.404 - Transactions ordinarily incident to a licensed transaction.

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 § 599.201; 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.

source: 87 FR 77712, Dec. 20, 2022, unless otherwise noted.
cite as: 31 CFR 599.404