- (a) Any payment of funds or transfer of credit or other financial or economic resources or assets into a blocked account in a U.S. financial institution is authorized, provided that a transfer from a blocked account pursuant to this authorization may only be made to another blocked account held in the same name on the books of the same U.S. financial institution.
- (b) This section does not authorize any transfer from a blocked account within the United States to an account held outside the United States.
Note to § 536.503: Please refer to § 501.603 of this chapter for mandatory reporting requirements regarding financial transfers.
[62 FR 9960, Mar. 5, 1997, as amended at 62 FR 45107, Aug. 25, 1997]