Pursuant to the authority granted in the Trading With the Enemy Act, 50 U.S.C. § 4305(b), the Secretary of the Treasury has promulgated regulations prohibiting unlicensed transactions between U.S. nationals and certain designated foreign countries and their nationals. See 31 C.F.R. § 500.101. Investigations of violations of the Foreign Assets Control regulations are conducted by the Treasury Department, and cases are referred by that Department to the CES. Prosecutors must consult the CES before charging violations of the Trading With the Enemy Act.

[updated December 2020]