[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: 31CFR538.415]



[Page 210]

 

                  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 D_Interpretations

 

Sec.  538.415  Payments involving Sudan.



    Before a United States financial institution initiates a payment 

subject to the prohibitions contained in this part on behalf of any 

customer, or credits a transfer subject to such prohibitions to the 

account on its books of the ultimate beneficiary, the U.S. financial 

institution must determine that the transfer is not prohibited by this 

part.