31 CFR § 542.512 - Noncommercial, personal remittances authorized.

Date issued: May. 02 2014

TURBOFAC Commentary (135 words)


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.