Code of Federal Regulations · Section

§ 550.404 — Transactions Ordinarily Incident To A Licensed Transaction

31 C.F.R. § 550.404

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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 § 550.201; 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.

31 C.F.R. § 550.403 31 C.F.R. § 550.405

Authorizing Statute