GroundRules
31 CFR 589.515: Operation of accounts for individuals ordinarily resident in the Crimea region of Ukraine.
Where this section sits in the code
- Title 31—Money and Finance: Treasury
- Subtitle B—Regulations Relating to Money and Finance
- CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
- PART 589—UKRAINE-/RUSSIA-RELATED SANCTIONS REGULATIONS
- Subpart E—Licenses, Authorizations, and Statements of Licensing Policy
The operation of an account in a U.S. financial institution for an individual ordinarily resident in the Crimea region of Ukraine, other than an individual whose property and interests in property are blocked § 589.201, is authorized, provided that transactions processed through the account:
(a) Are of a personal nature and not for use in supporting or operating a business;
(b) Do not involve transfers, directly or indirectly, to the Crimea region of Ukraine or for the benefit of individuals ordinarily resident in the Crimea region of Ukraine unless authorized by § 589.514; and
Collected 2026-08-27T02:25:25Z. Source file · JSON