Code of Federal Regulations · Section

§ 594.405 — Transactions Incidental To A Licensed Transaction

31 C.F.R. § 594.405

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Any transaction ordinarily incident to a licensed transaction and necessary to give effect thereto is also authorized, except:

(a) An incidental transaction, not explicitly authorized within the terms of the license, by or with a person whose property or interests in property are blocked pursuant to § 594.201(a); or

(b) An incidental 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. § 594.404 31 C.F.R. § 594.406

Authorizing Statute

Unusual and extraordinary threat; declaration of national emergency; exercise of Presidential authorities
50 U.S.C. § 1701
General authority of the Secretary
31 U.S.C. § 321
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 authorization to delegate functions; publication of delegations
3 U.S.C. § 301