PRINT
§542.512 Noncommercial, personal remittances authorized.
(a)(1) U.S. persons are authorized to send and receive, and U.S. depository institutions, U.S. registered brokers or dealers in securities, and U.S. registered money transmitters are authorized to process transfers of, funds to or from Syria or for or on behalf of an individual ordinarily resident in Syria in cases in which the transfer involves a noncommercial, personal remittance, provided the transfer is not by, to, or through the Government of Syria or any other person whose property and interests in property are blocked pursuant to §542.201(a).
(2) Noncommercial, personal remittances do not include charitable donations of funds to or for the benefit of an entity or funds transfers for use in supporting or operating a business, including a family-owned business.
(b) The transferring institutions identified in paragraph (a) of this section may rely on the originator of a funds transfer with regard to compliance with paragraph (a) of this section, provided that the transferring institution does not know or have reason to know that the funds transfer is not in compliance with paragraph (a) of this section.
(c) An individual who is a U.S. person is authorized to carry funds as a noncommercial, personal remittance, as described in paragraph (a) of this section, to an individual in Syria or ordinarily resident in Syria, other than an individual whose property and interests in property are blocked pursuant to §542.201(a), provided that the individual who is a U.S. person is carrying the funds on his or her behalf, but not on behalf of another person.
1) There are remittance GLs in all IEEPA-based embargo programs, as well as the CACR. The GLs used in IEEPA programs are broadly similar in scope. Refer to General Note on Remittances; Guidance Letters Concerning Personal Remittances (System Ed. Note), for comments on the scope and operation of this GL.
2) Unlike the NKSR version of the GL, the SySR version has no dollar limit.
3) Unlike the ITSR version of this GL (560.550), this GL allows "U.S.-registered money transmitters" to process remittances.
4) The GL provides that the transfer cannot be "by, to, or through the Government of Syria or any other person whose property and interests in property are blocked pursuant to §542.201(a)." Contrast the NKSR version of the provision, which does not have that proviso.