31 CFR 541.404 - Transactions ordinarily incident to a licensed transaction. | US Law

§ 541.404 Transactions ordinarily incident to a licensed transaction.

(a) Any transaction ordinarily incident to a licensed transaction and necessary to give effect thereto is also authorized, except:

(1) An ordinarily incident transaction, not explicitly authorized within the terms of the license, by or with a person whose property and interests in property are blocked pursuant to § 541.201(a); or

(2) An ordinarily incident transaction, not explicitly authorized within the terms of the license, involving a debit to a blocked account or a transfer of blocked property.

(b)Example. A license authorizing a person to complete a securities sale involving Company A, whose property and interests in property are blocked pursuant to § 541.201(a), also authorizes other persons to engage in activities that are ordinarily incident and necessary to complete the sale, including transactions by the buyer, broker, transfer agents, and banks, provided that such other persons are not themselves persons whose property and interests in property are blocked pursuant to § 541.201(a).

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code

U.S. Code: Title 3 - THE PRESIDENT

§ 301 - General authorization to delegate functions; publication of delegations

U.S. Code: Title 31 - MONEY AND FINANCE

§ 321 - General authority of the Secretary

U.S. Code: Title 50 - WAR AND NATIONAL DEFENSE

§ 1601 - Termination of existing declared emergencies

§ 1621 - Declaration of national emergency by President; publication in Federal Register; effect on other laws; superseding legislation

§ 1622 - National emergencies

§ 1631 - Declaration of national emergency by Executive order; authority; publication in Federal Register; transmittal to Congress

§ 1641 - Accountability and reporting requirements of President

§ 1651 - Other laws, powers and authorities conferred thereby, and actions taken thereunder; Congressional studies

§ 1701 - Unusual and extraordinary threat; declaration of national emergency; exercise of Presidential authorities

§ 1702 - Presidential authorities

§ 1703 - Consultation and reports

§ 1704 - Authority to issue regulations

§ 1705 - Penalties

§ 1706 - Savings provisions

Statutes at Large

120 Stat. 192

Public Laws

109-177

Presidential Documents

Executive Order ... 13288

Title 31 published on 13-Sep-2018 03:45

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 31 CFR Part 541 after this date.

2018-03-19; vol. 83 # 53 - Monday, March 19, 2018

83 FR 11876 - Inflation Adjustment of Civil Monetary Penalties

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2018-05550
RIN

DEPARTMENT OF THE TREASURY, Office of Foreign Assets Control, Office of the Secretary of the Treasury

Final rule.

Effective March 19, 2018.

31 CFR Part 50

Summary

The Department of the Treasury (“Department” or “Treasury”) publishes this final rule to adjust its civil monetary penalties (“CMPs”) for inflation as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (collectively referred to herein as “the Act”). This rule adjusts CMPs within the jurisdiction of certain components of the Department to the maximum amount required by the Act.

2017-02-10; vol. 82 # 27 - Friday, February 10, 2017

82 FR 10434 - Inflation Adjustment of Civil Monetary Penalties

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2017-01637
RIN

DEPARTMENT OF THE TREASURY, Financial Crimes Enforcement Network, Office of Foreign Assets Control

Final rule.

Effective February 10, 2017.

31 CFR Part 50

Summary

The Department of the Treasury (“Department” or “Treasury”) publishes this final rule to adjust its civil monetary penalties (“CMPs”) for inflation as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (collectively referred to herein as “the Act”). This rule adjusts CMPs within the jurisdiction of certain components of the Department to the maximum amount required by the Act.

2016-07-01; vol. 81 # 127 - Friday, July 1, 2016

81 FR 43070 - Implementation of the Federal Civil Penalties Inflation Adjustment Act

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2016-15552
RIN

DEPARTMENT OF THE TREASURY, Office of Foreign Assets Control

Interim final rule with request for comments.

This rule is effective August 1, 2016. Comments must be received on or before August 1, 2016.

31 CFR Parts 501, 535, 536, 537, 538, 539, 541, 542, 543, 544, 546, 547, 548, 549, 560, 561, 566, 576, 588, 592, 593, 594, 595, 597, and 598.

Summary

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this interim final rule to amend its regulations for the relevant sanctions programs it administers to implement the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. In particular, this rule adjusts for inflation the maximum amount of the civil monetary penalties that may be assessed under relevant OFAC regulations, including by making conforming changes to OFAC's “Economic Sanctions Enforcement Guidelines.”

2014-07-10; vol. 79 # 132 - Thursday, July 10, 2014

79 FR 39312 - Zimbabwe Sanctions Regulations

GPO FDSys XML | Text

Additional Documents

type	regulations.gov
FR Doc.	2014-16111
RIN

DEPARTMENT OF THE TREASURY, Office of Foreign Assets Control

Final rule.

Effective: July 10, 2014.

31 CFR Part 541

Summary

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adopting as final, with changes, the Zimbabwe Sanctions Regulations that previously were published in an interim final rule. These changes primarily amend the Zimbabwe Sanctions Regulations to implement Executive Order 13391 of November 22, 2005, “Blocking Property of Additional Persons Undermining Democratic Processes or Institutions in Zimbabwe,” and Executive Order 13469 of July 25, 2008, “Blocking Property of Additional Persons Undermining Democratic Processes or Institutions in Zimbabwe.”