31 C.F.R. § 500.580 Authorization of U.S. dollar clearing transactions involving North Korea.
Title 31 - Money and Finance: Treasury
Banking institutions organized under the laws of or located in the United States are authorized to process the transfer of funds in which North Korea or a national thereof has an interest. Persons subject to U.S. jurisdiction who are originators or ultimate beneficiaries of funds transfers, however, including U.S. banking institutions that are themselves originators or beneficiaries, may not initiate or receive such transfers if the underlying transactions to which they relate are prohibited pursuant to this part. [60 FR 8935, Feb. 16, 1995]
Title 31: Money and Finance: Treasury
PART 500—FOREIGN ASSETS CONTROL REGULATIONS
Subpart E—Licenses, Authorizations and Statements of Licensing Policy
§ 500.580 Authorization of U.S. dollar clearing transactions involving North Korea.
