Payments to blocked accounts under § 535.508.

§ 535.508. 535.414 Section 535.414 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY IRANIAN ASSETS CONTROL REGULATIONS Interpretations § 535.414 Payments to blocked accounts under § 535.508. (a) Section 535.508 does not authorize any transfer from a blocked account within the United States to an account held by any bank outside the United States or any other payment into a blocked account outside the United States. (b) Section 535.508 only authorizes payment into a blocked account held by a domestic bank as defined by § 535.320. [44 FR 67617, Nov. 26, 1979]