Code of Federal Regulations · Section
§ 597.305 — Effective Date
31 C.F.R. § 597.305
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Except as that term is used in § 597.201(d), the term effective date refers to the effective date of the applicable prohibitions and directives contained in this part which is October 6, 1997, or, in the case of foreign terrorist organizations designated after that date and their agents, the earlier of the date on which a financial institution receives actual or constructive notice of such designation or of the Secretary of Treasury's exercise of their authority to block financial transactions pursuant to 8 U.S.C. 1189(a)(2)(C) and § 597.201(a).
Authorizing Statute
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Designation of foreign terrorist organizations8 U.S.C. § 1189
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General authority of the Secretary31 U.S.C. § 321
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Mode of recovery28 U.S.C. § 2461