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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 E - Licenses, Authorizations, and Statements of Licensing Policy |
§ 558.510 - Official business of the United States government.
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§ 558.510 Official business of certain international organizations and entities.
(a) Except as provided in paragraph (b) of this section, allthe United States government.
All transactions prohibited by this part that are for the conduct of the official business of the
following entitiesUnited States government by employees, grantees, or contractors thereof are authorized
:(1) The United Nations, including its Programmes, Funds, and Other Entities and Bodies, as well as its Specialized Agencies and Related Organizations;
(2) The International Centre for Settlement of Investment Disputes (ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(3) The African Development Bank Group, the Asian Development Bank, the European Bank for Reconstruction and Development, and the Inter-American Development Bank Group (IDB Group), including any fund entity administered or established by any of the foregoing;
(4) The International Committee of the Red Cross and the International Federation of Red Cross and Red Crescent Societies;
(6) The Global Fund to Fight AIDS, Tuberculosis, and Malaria, and Gavi, the Vaccine Alliance(5) The Intergovernmental Authority on Development (IGAD); and
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(b) This section does not authorize funds transfers initiated or processed with knowledge or reason to know that the intended beneficiary of such transfers is a person blocked pursuant to this part, other than for the purpose of effecting the payment of taxes, fees, or import duties, or the purchase or receipt of permits, licenses, or public utility services.
[87 FR 78476, Dec. 21, 2022]