31 C.F.R. § 588.404   Transactions incidental to a licensed transaction.


Title 31 - Money and Finance: Treasury


Title 31: Money and Finance: Treasury
PART 588—WESTERN BALKANS STABILIZATION REGULATIONS
Subpart D—Interpretations

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§ 588.404   Transactions incidental to a licensed transaction.

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 §588.201(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.

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