Source: https://www.law.cornell.edu/cfr/text/31/549.504
Timestamp: 2017-05-27 06:33:54
Document Index: 169526310

Matched Legal Cases: ['art 549', '§ 549', '§ 549', '§ 549', '§ 501', '§ 549', 'art 549']

31 CFR 549.504 - Payments and transfers to blocked accounts in U.S. financial institutions. | US Law | LII / Legal Information Institute
CFR › Title 31 › Subtitle B › Chapter V › Part 549 › Subpart E › Section 549.504 31 CFR 549.504 - Payments and transfers to blocked accounts in U.S. financial institutions.
§ 549.504 Payments and transfers to blocked accounts in U.S. financial institutions.
Any payment of funds or transfer of credit in which a person whose property and interests in property are blocked pursuant to § 549.201(a) has any interest that comes within the possession or control of a U.S. financial institution must be blocked in an account on the books of that financial institution. A transfer of funds or credit by a U.S. financial institution between blocked accounts in its branches or offices is authorized, provided that no transfer is made from an account within the United States to an account held outside the United States, and further provided that a transfer from a blocked account may be made only to another blocked account held in the same name.
Note to § 549.504:
See § 501.603 of this chapter for mandatory reporting requirements regarding financial transfers. See also § 549.203 concerning the obligation to hold blocked funds in interest-bearing accounts.
Presidential DocumentsExecutive Order ... 13441 Title 31 published on 08-Apr-2017 03:32The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 31 CFR Part 549 after this date.2017-02-10; vol. 82 # 27 - Friday, February 10, 201782 FR 10434 - Inflation Adjustment of Civil Monetary Penalties