31 C.F.R. § 597.511 In-kind donations of medicine.
Title 31 - Money and Finance: Treasury
(a) Effective April 12, 2006, U.S. financial institutions are authorized to conduct all transactions ordinarily incident to the provision by nongovernmental organizations that are U.S. persons of in-kind donations of medicine to the Palestinian Authority Ministry of Health, provided that such donations are strictly for distribution in the West Bank or Gaza and not intended for resale, and provided further that no payment pursuant to this license may involve a debit to an account of the Palestinian Authority on the books of a U.S. financial institution or any account blocked pursuant to this part. (b) The retention and reporting provisions of §597.201 shall not apply with respect to transactions authorized by paragraph (a) of this section. [71 FR 27203, May 10, 2006]
Title 31: Money and Finance: Treasury
PART 597—FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS
Subpart E—Licenses, Authorizations, and Statements of Licensing Policy
§ 597.511 In-kind donations of medicine.
