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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 31 - Money and Finance: Treasury |
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Subtitle B - Regulations Relating to Money and Finance |
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Chapter V - Office of Foreign Assets Control, Department of the Treasury |
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Part 536 - Narcotics Trafficking Sanctions Regulations |
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Subpart D - Interpretations |
§ 536.409 - Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked.
Latest version.
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§ 536.409 Credit extended and cards issued by U.S. financial institutions to a person whose property and interests in property are blocked.
The prohibition in § 536.201 on dealing in property in which a specially designated narcotics trafficker has an interest subject to that section prohibits U.S. financial institutions from performing under any existing credit agreements, including , but not limited to, charge cards, debit cards, or other credit facilities issued by a U.S. financial institution to a person designated under this part. specially designated narcotics trafficker.
[86 FR 26665, May 17, 2021]