Code of Federal Regulations · Section

§ 589.515 — Operation Of Accounts For Individuals Ordinarily Resident In The Crimea Region Of Ukraine

31 C.F.R. § 589.515

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The operation of an account in a U.S. financial institution for an individual ordinarily resident in the Crimea region of Ukraine, other than an individual whose property and interests in property are blocked § 589.201, 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 the Crimea region of Ukraine or for the benefit of individuals ordinarily resident in the Crimea region of Ukraine unless authorized by § 589.514; and

31 C.F.R. § 589.514 31 C.F.R. § 589.516

Authorizing Statute