Code of Federal Regulations · Section

§ 588.206 — Exempt Transactions

31 C.F.R. § 588.206

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(a) United Nations Participation Act. The exemptions cited in this section do not apply to transactions involving property or interests in property of persons whose property and interests in property are blocked pursuant to the authority of the United Nations Participation Act, as amended (22 U.S.C. 287c(b)) (UNPA).

(b) International Emergency Economic Powers Act. The prohibitions contained in this part do not apply to any transactions that are exempt pursuant to section 203(b) of the International Emergency Economic Powers Act, (50 U.S.C. 1702(b)).

(c) Official business. The prohibitions contained in § 588.201(a)(3) do not apply to any transactions for the conduct of the official business of the United States Government by employees, grantees, or contractors thereof.

31 C.F.R. § 588.205

Authorizing Statute

Presidential authorities
50 U.S.C. § 1702
Economic and communication sanctions pursuant to United Nations Security Council Resolution
22 U.S.C. § 287c
Mode of recovery
28 U.S.C. § 2461
General authority of the Secretary
31 U.S.C. § 321
General authorization to delegate functions; publication of delegations
3 U.S.C. § 301
Termination of existing declared emergencies
50 U.S.C. § 1601