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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 558 - South Sudan Sanctions Regulations |
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Subpart D - Interpretations |
§ 558.405 - Provision and receipt of services.
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§ 558.405 Provision and receipt of services.
(a) The prohibitions contained in § 558.201 apply to services performed in the United States or by U.S. persons, wherever located:
(1) On behalf of or for the benefit of any person whose property and interests in property are blocked pursuant to § 558.201; or
(2) With respect to property interests of any person whose property and interests in property are blocked pursuant to § 558.201.
(b) The prohibitions on transactions contained in § 558.201 apply to services received in the United States or by U.S. persons, wherever located, where the service is performed by, or at the direction of, a person whose property and interests in property are blocked pursuant to § 558.201.
(c) For example, U.S. persons may not, except as authorized by or pursuant to this part, provide legal, accounting, financial, brokering, freight forwarding, transportation, public relations, or other services to any person whose property and interests in property are blocked pursuant to § 558.201, or negotiate with or enter into contracts signed by a person whose property and interests in property are blocked pursuant to § 558.201.
Note 1 to § 558.405.See §§ 558.507 and 558.509 for general licenses authorizing the provision of certain legal and emergency medical services.