31 C.F.R. § 537.524   Divestiture of U.S. person's investments in Burma.


Title 31 - Money and Finance: Treasury


Title 31: Money and Finance: Treasury
PART 537—BURMESE SANCTIONS REGULATIONS
Subpart E—Licenses, Authorizations and Statements of Licensing Policy

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§ 537.524   Divestiture of U.S. person's investments in Burma.

All transactions, except those prohibited by §537.203, related to the divestiture or transfer to a foreign person of a U.S. person's share of ownership, including an equity interest, in the economic development of resources located in Burma are authorized. U.S. persons participating in such a transaction valued at more than $10,000 are required, within 10 business days after the transaction takes place, to file a report for statistical purposes with the Office of Foreign Assets Control, U.S. Treasury Department, 1500 Pennsylvania Avenue NW.–Annex, Washington, DC 20220.

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