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 538—SUDANESE SANCTIONS REGULATIONS > SUBPART E—Licenses, Authorizations, and Statements of Licensing Policy (§538.500 to §538.533) > 538.527—Operation of accounts.

538.527—Operation of accounts.

The operation of an account in a U.S. financial institution for an individual ordinarily resident in Sudan who is not included within the term “Government of Sudan,” as defined in § 538.305, 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 Sudan or for the benefit of individuals ordinarily resident in Sudan unless authorized by § 538.528; and
(c) Are not otherwise prohibited by this part.

Code of Federal Regulations

[70 FR 34062, June 13, 2005]