[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR538.201]



[Page 201]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 538_SUDANESE SANCTIONS REGULATIONS--Table of Contents

 

                         Subpart B_Prohibitions

 

Sec.  538.201  Prohibited transactions involving blocked property.





    (a) Except as authorized by regulations, orders, directives, 

rulings, instructions, licenses, or otherwise, no property or interests 

in property of the Government of Sudan, that are in the United States, 

that hereafter come within the United States, or that are or hereafter 

come within the possession or control of U.S. persons, including their 

overseas branches, may be transferred, paid, exported, withdrawn or 

otherwise dealt in.

    (b) Unless otherwise authorized by this part or by a specific 

license expressly referring to this section, the transfer (including the 

transfer on the books of any issuer or agent thereof), disposition, 

transportation, importation, exportation, or withdrawal of, or the 

endorsement or guaranty of signatures on, or otherwise dealing in any 

security (or evidence thereof) registered or inscribed in the name of 

the Government of Sudan, and held within the possession or control of a 

U.S. person is prohibited, irrespective of the fact that at any time 

(either prior to, on, or subsequent to the effective date) the 

registered or inscribed owner thereof may have, or appears to have, 

assigned, transferred, or otherwise disposed of any such security.

    (c) When a transaction results in the blocking of funds at a 

financial institution pursuant to this section and a party to the 

transaction believes the funds have been blocked due to mistaken 

identity, that party may seek to have such funds unblocked pursuant to 

the administrative procedures set forth in Sec.  501.806 of this 

chapter.