31 C.F.R. § 535.414   Payments to blocked accounts under §535.508.


Title 31 - Money and Finance: Treasury


Title 31: Money and Finance: Treasury
PART 535—IRANIAN ASSETS CONTROL REGULATIONS
Subpart D—Interpretations

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§ 535.414   Payments to blocked accounts under §535.508.

(a) Section 535.508 does not authorize any transfer from a blocked account within the United States to an account held by any bank outside the United States or any other payment into a blocked account outside the United States.

(b) Section 535.508 only authorizes payment into a blocked account held by a domestic bank as defined by §535.320.

[44 FR 67617, Nov. 26, 1979]

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