1. Regulations
  2. title 31
  3. chapter V
  4. part 598
  5. subpart D
  6. § 598.409

View all text of Subpart D [§ 598.401 - § 598.411]

§ 598.409 - Credit extended and cards issued by financial institutions to a specially designated narcotics trafficker.

The prohibition in § 598.202 on dealing in property subject to that section prohibits 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 a specially designated narcotics trafficker.

[86 FR 26669, May 17, 2021]

AUTHORITY: 3 U.S.C. 301; 21 U.S.C. 1901-1908; 31 U.S.C. 321(b); Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note).

SOURCE: 65 FR 41336, July 5, 2000, unless otherwise noted.

CITE AS: 31 CFR 598.409