31 C.F.R. § 560.416

Brokering services

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(a) For purposes of the prohibitions in §§ 560.201, 560.204, 560.205, 560.206, and 560.208, the term services includes performing a brokering function.

(b) Examples. A person within the United States, or a United States person, wherever located, may not:

(1) Act as broker for the provision of goods, services or technology, from whatever source, to or from Iran or the Government of Iran;

(2) Act as broker for the purchase or swap of crude oil of Iranian origin or owned or controlled by the Government of Iran;

(3) Act as broker for the provision of financing, a financial guarantee or an extension of credit by any person to Iran or the Government of Iran;

(4) Act as a broker for the provision of financing, a financial guarantee or an extension of credit to any person specifically to enable that person to construct or operate a facility in Iran or owned or controlled by the Government of Iran; or

(5) Act as a broker for the provision of financing, a financial guarantee, or an extension of credit to any person specifically to enable that person to provide goods, services, or technology intended for Iran or the Government of Iran.

Notes of Decisions

Cited in 1 case, 2004–2004 · leading case: Kashani v. Tsann Kuen China Enter. Co., 2004 Cal. Daily Op. Serv. 4052 (Cal. Ct. App. 2004).

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Kashani v. Tsann Kuen China Enter. Co., 2004 Cal. Daily Op. Serv. 4052 (Cal. Ct. App. 2004). “” ( 31 C.F.R. § 560.416 (b)(1), (4), (5).) As noted above, violations of the Regulations are subject to civil and criminal penalties.”

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