CFR > 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 (parts 501 to 598) > PART 535—IRANIAN ASSETS CONTROL REGULATIONS > SUBPART I—Miscellaneous Provisions (§535.901 to §535.905) > 535.904—Payment by Iranian entities of obligations to persons within the United States.

535.904—Payment by Iranian entities of obligations to persons within the United States.

The transfer of funds after the effective date by, through or to any U.S. banking institution or other person within the United States solely for purposes of payment of obligations by Iranian entities owed to persons within the United States is authorized: Provided, That there is no debit to a blocked account. Property is not blocked by virtue of being transferred or received pursuant to this section.

Code of Federal Regulations

[44 FR 66591, Nov. 20, 1979]