31 C.F.R. PART 596—TERRORISM LIST GOVERNMENTS SANCTIONS REGULATIONS
Title 31 - Money and Finance: Treasury
Authority: 18 U.S.C. 2332d; 31 U.S.C. 321(b).
Source: 61 FR 43463, Aug. 23, 1996, unless otherwise noted.
(a) This part is separate from, and independent of, the other parts of this chapter with the exception of part 501 of this chapter, the recordkeeping and reporting requirements and license application and other procedures of which apply to this part. Differing foreign policy and national security contexts may result in differing interpretations of similar language among the parts of this chapter. Except as otherwise authorized in this part, no license or authorization contained in or issued pursuant to those other parts authorizes any transaction prohibited by this part. Except as otherwise authorized in this part, no license or authorization contained in or issued pursuant to any other provision of law or regulation authorizes any transaction prohibited by this part. See §596.503. (b) No license or authorization contained in or issued pursuant to this part relieves the involved parties from complying with any other applicable laws or regulations. [61 FR 43463, Aug. 23, 1996, as amended at 62 FR 45112, Aug. 25, 1997] Except as authorized by regulations, orders, directives, rulings, instructions, licenses, or otherwise, no United States person, knowing or having reasonable cause to know that a country is designated under section 6(j) of the Export Administration Act, 50 U.S.C. App. 2405, as a country supporting international terrorism, shall engage in a financial transaction with the government of that country. Countries designated under section 6(j) of the Export Administration Act as of the effective date of this part are listed in the following schedule.
Schedule: Cuba. Iran. Iraq. Libya. North Korea. Sudan. Syria. Any transaction for the purpose of, or which has the effect of, evading or avoiding, or which facilitates the evasion or avoidance of, any of the prohibitions set forth in this part, is hereby prohibited. Any attempt to violate the prohibitions set forth in this part is hereby prohibited. Any conspiracy formed for the purpose of engaging in a transaction prohibited by this part is hereby prohibited. The term donation means a transfer made in the form of a gift or charitable contribution. The term effective date refers to the effective date of the applicable prohibitions and directives contained in this part which is 12:01 a.m. EDT, August 22, 1996. The term financial institution shall have the definition given that term in 31 U.S.C. 5312(a)(2) or the regulations promulgated thereunder, as from time to time amended. Note: The breadth of the definition precludes its reproduction in this section. The term financial transaction shall have the meaning set forth in 18 U.S.C. 1956(c)(4), as from time to time amended. As of the effective date, this term includes: (a) A transaction which in any way or degree affects interstate or foreign commerce; (1) Involving the movement of funds by wire or other means; or (2) Involving one or more monetary instruments; or (3) Involving the transfer of title to any real property, vehicle, vessel, or aircraft; or (b) A transaction involving the use of a financial institution which is engaged in, or the activities of which affect, interstate or foreign commerce in any way or degree. The term general license means any license or authorization the terms of which are set forth in this part. Except as otherwise specified, the term license means any license or authorization contained in or issued pursuant to this part. The term monetary instruments shall have the meaning set forth in 18 U.S.C. 1956(c)(5), as from time to time amended. As of the effective date, this term includes coin or currency of the United States or of any other country, travelers' checks, personal checks, bank checks, and money orders, or investment securities or negotiable instruments, in bearer form or otherwise in such form that title thereto passes upon delivery. (a) The term person means an individual or entity. (b) The term entity means a partnership, association, corporation, or other organization. The term specific license means any license or authorization not set forth in this part but issued pursuant to this part. The term Terrorism List Government includes: (a) The government of a country designated under section 6(j) of the Export Administration Act, as well as any political subdivision, agency, or instrumentality thereof, including the central bank of such a country; (b) Any entity owned or controlled by such a government. The term transaction shall have the meaning set forth in 18 U.S.C. 1956(c)(3), as from time to time amended. As of the effective date, this term includes a purchase, sale, loan, pledge, gift, transfer, delivery, or other disposition, and with respect to a financial institution includes a deposit, withdrawal, transfer between accounts, exchange of currency, loan, extension of credit, purchase or sale of any stock, bond, certificate of deposit, or other monetary instrument, use of a safe deposit box, or any other payment, transfer, or delivery by, through, or to a financial institution, by whatever means effected. The term United States means the United States, including its territories and possessions. The term United States person means any United States citizen or national, permanent resident alien, juridical person organized under the laws of the United States, or any person in the United States. Except as otherwise specified, reference to any section of this part or to any regulation, ruling, order, instruction, direction, or license issued pursuant to this part refers to the same as currently amended. Any amendment, modification, or revocation of any section of this part or of any order, regulation, ruling, instruction, or license issued by or under the direction of the Director of the Office of Foreign Assets Control does not, unless otherwise specifically provided, affect any act done or omitted to be done, or any civil or criminal suit or proceeding commenced or pending prior to such amendment, modification, or revocation. All penalties, forfeitures, and liabilities under any such order, regulation, ruling, instruction, or license continue and may be enforced as if such amendment, modification, or revocation had not been made. Any transaction ordinarily incident to a licensed transaction and necessary to give effect thereto is also authorized. For the purposes of this part only, a financial transaction not originated by a Terrorism List Government, but transferred to the United States through a bank owned or controlled by a Terrorism List Government, shall not be deemed a financial transaction with the government of a country supporting international terrorism pursuant to §596.201. For provisions relating to licensing procedures, see part 501, subpart E, of this chapter. Licensing actions taken pursuant to part 501 of this chapter with respect to the prohibitions contained in this part are considered actions taken pursuant to this part. [68 FR 53660, Sept. 11, 2003] (a) No license or other authorization contained in this part, or otherwise issued by or under the direction of the Director of the Office of Foreign Assets Control, authorizes or validates any transaction effected prior to the issuance of the license, unless specifically provided in such license or other authorization. (b) No regulation, ruling, instruction, or license authorizes a transaction prohibited under this part unless the regulation, ruling, instruction, or license is issued by the Office of Foreign Assets Control and specifically refers to a part in 31 CFR chapter V. No regulation, ruling, instruction, or license referring to this part authorizes any transactions prohibited by any provision of this chapter unless the regulation, ruling, instruction or license specifically refers to such provision. (c) Any regulation, ruling, instruction or license authorizing any transaction otherwise prohibited under this part has the effect of removing a prohibition or prohibitions contained in this part from the transaction, but only to the extent specifically stated by its terms. Unless the regulation, ruling, instruction or license otherwise specifies, such an authorization does not create any right, duty, obligation, claim, or interest in, or with respect to, any property which would not otherwise exist under ordinary principles of law. The Director of the Office of Foreign Assets Control reserves the right to exclude any person, property, or transaction from the operation of any license, or from the privileges therein conferred, or to restrict the applicability thereof with respect to particular persons, property, transactions, or classes thereof. Such action is binding upon all persons receiving actual or constructive notice of such exclusion or restriction. United States persons are authorized to engage in financial transactions with a Terrorism List Government that is subject to regulations contained in parts of 31 CFR chapter V other than this part to the extent and subject to the conditions stated in such other parts, or in any regulations, orders, directives, rulings, instructions, or licenses issued pursuant thereto. (a) United States persons are authorized to engage in all financial transactions with a Terrorism List Government that is not otherwise subject to 31 CFR chapter V, except for a transfer from a Terrorism List Government: (1) Constituting a donation to a United States person; or (2) With respect to which the United States person knows (including knowledge based on advice from an agent of the United States Government), or has reasonable cause to believe, that the transfer poses a risk of furthering terrorist acts in the United States. (b) Nothing in this section authorizes the return of a transfer prohibited by paragraph (a)(2) of this section. (a) United States persons are authorized to engage in all financial transactions with respect to stipends and scholarships covering tuition and related educational, living and travel expenses provided by the Government of Syria to Syrian nationals or the Government of Sudan to Sudanese nationals who are enrolled as students in an accredited educational institution in the United States. Representations made by an accredited educational institution concerning the status of a student maybe relied upon in determining the applicability of this section. (b) Nothing in this section authorizes a transaction prohibited by §596.504(a)(2). [61 FR 67944, Dec. 26, 1996] For provisions relating to records and reports, see subpart C of part 501 of this chapter. [62 FR 45112, Aug. 25, 1997] Attention is directed to 18 U.S.C. 2332d, as added by Public Law 104–132, section 321, which provides that, except as provided in regulations issued by the Secretary of the Treasury, in consultation with the Secretary of State, a United States person, knowing or having reasonable cause to know that a country is designated under section 6(j) of the Export Administration Act, 50 U.S.C. App. 2405, as a country supporting international terrorism, engages in a financial transaction with the government of that country, shall be fined under title 18, United States Code, or imprisoned for not more than 10 years, or both. For license application procedures and procedures relating to amendments, modifications, or revocations of licenses; administrative decisions; rulemaking; and requests for documents pursuant to the Freedom of Information and Privacy Acts (5 U.S.C. 552 and 552a), see part 501, subpart E, of this chapter. [62 FR 45112, Aug. 25, 1997, as amended at 68 FR 53660, Sept. 11, 2003] Any action which the Secretary of the Treasury is authorized to take pursuant to section 321 of the Antiterrorism and Effective Death Penalty Act of 1996, Pub. L. 104–132, 110 Stat. 1214, 1254 (18 U.S.C. 2332d), may be taken by the Director, Office of Foreign Assets Control, or by any other person to whom the Secretary of the Treasury has delegated authority so to act. [61 FR 43463, Aug. 23, 1996. Redesignated at 62 FR 45112, Aug. 25, 1997] For approval by the Office of Management and Budget (“OMB”) under the Paperwork Reduction Act of information collections relating to recordkeeping and reporting requirements, to licensing procedures (including those pursuant to statements of licensing policy), and to other procedures, see §501.901 of this chapter. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid control number assigned by OMB. [62 FR 45112, Aug. 25, 1997]
Title 31: Money and Finance: Treasury
PART 596—TERRORISM LIST GOVERNMENTS SANCTIONS REGULATIONS
Section Contents
§ 596.101 Relation of this part to other laws and regulations.
§ 596.201 Prohibited financial transactions.
§ 596.202 Evasions; attempts; conspiracies.
§ 596.301 Donation.
§ 596.302 Effective date.
§ 596.303 Financial institution.
§ 596.304 Financial transaction.
§ 596.305 General license.
§ 596.306 License.
§ 596.307 Monetary instruments.
§ 596.308 Person; entity.
§ 596.309 Specific license.
§ 596.310 Terrorism List Government.
§ 596.311 Transaction.
§ 596.312 United States.
§ 596.313 United States person.
§ 596.401 Reference to amended sections.
§ 596.402 Effect of amendment.
§ 596.403 Transactions incidental to a licensed transaction.
§ 596.404 Financial transactions transferred through a bank of a Terrorism List Government.
§ 596.500 Licensing procedures.
§ 596.501 Effect of license or authorization.
§ 596.502 Exclusion from licenses and authorizations.
§ 596.503 Financial transactions with a Terrorism List Government otherwise subject to 31 CFR chapter V.
§ 596.504 Certain financial transactions with Terrorism List Governments authorized.
§ 596.505 Certain transactions related to stipends and scholarships authorized.
§ 596.601 Records and reports.
§ 596.701 Penalties.
§ 596.801 Procedures.
§ 596.802 Delegation by the Secretary of the Treasury.
§ 596.901 Paperwork Reduction Act notice.
Subpart A—Relation of This Part to Other Laws and Regulations
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§ 596.101 Relation of this part to other laws and regulations.
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Subpart B—Prohibitions
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§ 596.201 Prohibited financial transactions.
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§ 596.202 Evasions; attempts; conspiracies.
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Subpart C—General Definitions
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§ 596.301 Donation.
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§ 596.302 Effective date.
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§ 596.303 Financial institution.
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§ 596.304 Financial transaction.
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§ 596.305 General license.
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§ 596.306 License.
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§ 596.307 Monetary instruments.
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§ 596.308 Person; entity.
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§ 596.309 Specific license.
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§ 596.310 Terrorism List Government.
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§ 596.311 Transaction.
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§ 596.312 United States.
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§ 596.313 United States person.
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Subpart D—Interpretations
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§ 596.401 Reference to amended sections.
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§ 596.402 Effect of amendment.
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§ 596.403 Transactions incidental to a licensed transaction.
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§ 596.404 Financial transactions transferred through a bank of a Terrorism List Government.
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Subpart E—Licenses, Authorizations and Statements of Licensing Policy
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§ 596.500 Licensing procedures.
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§ 596.501 Effect of license or authorization.
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§ 596.502 Exclusion from licenses and authorizations.
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§ 596.503 Financial transactions with a Terrorism List Government otherwise subject to 31 CFR chapter V.
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§ 596.504 Certain financial transactions with Terrorism List Governments authorized.
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§ 596.505 Certain transactions related to stipends and scholarships authorized.
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Subpart F—Reports
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§ 596.601 Records and reports.
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Subpart G—Penalties
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§ 596.701 Penalties.
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Subpart H—Procedures
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§ 596.801 Procedures.
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§ 596.802 Delegation by the Secretary of the Treasury.
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Subpart I—Paperwork Reduction Act
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§ 596.901 Paperwork Reduction Act notice.
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