Code of Federal Regulations · Section
§ 597.406 — Offshore Transactions
31 C.F.R. § 597.406
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The prohibitions contained in § 597.201 apply to transactions by U.S. financial institutions in locations outside the United States with respect to funds or assets which the U.S. financial institution knows, or becomes aware, are held in the name of a foreign terrorist organization or its agent, or in which the U.S. financial institution knows, or becomes aware that, a foreign terrorist organization or its agent has or has had an interest since the effective date.
Authorizing Statute
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General authority of the Secretary31 U.S.C. § 321
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Designation of foreign terrorist organizations8 U.S.C. § 1189
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Mode of recovery28 U.S.C. § 2461