31 C.F.R. § 598.405   Transactions incidental to a licensed transaction.


Title 31 - Money and Finance: Treasury


Title 31: Money and Finance: Treasury
PART 598—FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS
Subpart D—Interpretations

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§ 598.405   Transactions incidental to a licensed transaction.

Any transaction ordinarily incident to a licensed transaction and necessary to give effect to the licensed transaction is also authorized by the license. Except as specifically authorized by the terms of a license, prohibited transactions by specially designated narcotics traffickers and debits to accounts blocked pursuant to §598.202 are not considered incidental to a licensed transaction and therefore remain prohibited.

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