C.F.R. » Title 31 » CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY › PART 544—WEAPONS OF MASS DESTRUCTION PROLIFERATORS SANCTIONS REGULATIONS › Subpart D—Interpretations

31 C.F.R. § 544.405

Provision of services

Read at: eCFRecfr.gov CornellLII GovInfogovinfo.gov CasesGoogle Scholar

(a) Except as provided in § 544.206, the prohibitions on transactions involving blocked property contained in § 544.201 apply to services performed in the United States or by U.S. persons, wherever located, including by an overseas branch of an entity located in the United States:

(1) On behalf of or for the benefit of a person whose property and interests in property are blocked pursuant to § 544.201(a); or

(2) With respect to property interests subject to § 544.201.

(b) 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 a person whose property and interests in property are blocked pursuant to § 544.201(a).

Note to § 544.405:

See §§ 544.507 and 544.508 on licensing policy with regard to the provision of certain legal and medical services.

Notes of Decisions
Cited in 2 cases, 2018–2018 · leading case: United States v. $1,071,251.44 of Funds Associated With Mingzheng Int'l Trading Ltd., 324 F. Supp. 3d 38 (D.C. Cir. 2018).
Sort: Relevance Newest Treatment
United States v. $1,071,251.44 of Funds Associated With Mingzheng Int'l Trading Ltd., 324 F. Supp. 3d 38 (D.C. Cir. 2018). “person may provide financial or other services to a person or entity listed as a "Specially Designated National," or "SDN," except as authorized or licensed by the Treasury Department's Office of Foreign Asset Controls ("OFAC"); nor may a non-U.”
United States v. $1,071,251.44 of Funds Associated With Mingzheng Int'l Trading Ltd. (D.D.C. 2018). “1, ¶¶ 8–9 (citing 31 C.F.R. § 544.405 , 50 U.S.C. § 1705 )].”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.