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Federal regulations · Through 2026-08-25 · Newer source version available

31 CFR 510.409: Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked.

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Where this section sits in the code
  1. Title 31—Money and Finance: Treasury
  2. Subtitle B—Regulations Relating to Money and Finance
  3. CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
  4. PART 510—NORTH KOREA SANCTIONS REGULATIONS
  5. Subpart D—Interpretations

The prohibition in § 510.201 on dealing in property subject to that section and the prohibition in § 510.206 on exporting services to North Korea prohibit U.S. financial institutions from performing under any existing credit agreements, including charge cards, debit cards, or other credit facilities issued by a financial institution to the Government of North Korea, the Workers' Party of Korea, or any other person whose property and interests in property are blocked pursuant to § 510.201(a).

Collected 2026-08-27T02:25:25Z. Source file · JSON

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