# 22 C.F.R. § 1203.735-206 (2026): Economic and financial activities of employees abroad

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_206

## Section

- **Citation:** 22 C.F.R. § 1203.735-206 (2026)
- **Heading:** Economic and financial activities of employees abroad
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 22 CFR: Foreign Relations / Chapter XII: UNITED STATES INTERNATIONAL DEVELOPMENT COOPERATION AGENCY / Part 1203: EMPLOYEE RESPONSIBILITIES AND CONDUCT / Subpart B: Ethical and Other Conduct and Responsibilities of Employees / § 1203.735-206: § 1203.735-206   Economic and financial activities of employees abroad.

## Text

(a)
Prohibitions in any foreign country.
A U.S. citizen employee abroad is specifically prohibited from engaging in the activities listed below in any foreign country.
(1) Speculation in currency exchange.
(2) Transactions at exchange rates differing from local legally available rates, unless such transactions are duly authorized in advance by the agency.
(3) Sales to unauthorized persons (whether at cost or for profit) of currency acquired at preferential rates through diplomatic or other restricted arrangements.
(4) Transactions which entail the use, without official sanction, of the diplomatic pouch.
(5) Transfers of funds on behalf of blocked nationals, or otherwise in violation of U.S. foreign funds and assets control.
(6) Independent and unsanctioned private transactions which involve an employee as an individual in violation of applicable control regulations of foreign governments.
(7) Acting as an intermediary in the transfer of private funds from persons in one country to persons in another country, including the United States.
(8) Permitting use of one's official title in any private business transactions or in advertisements for business purposes.
(b)-(c) [Reserved]
(d)
Business activities of non-U.S. citizen employees.
A non-U.S citizen employee abroad may engage in outside business activities with the prior approval of the head of the overseas establishment on the basis of the standards expressed in § 1203.735-204(a).

## Nearby sections

- [22 C.F.R. § 1203.735-201 (2026) § 1203.735-201   General.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_201.md)
- [22 C.F.R. § 1203.735-202 (2026) § 1203.735-202   Gifts, entertainment, and favors.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_202.md)
- [22 C.F.R. § 1203.735-203 (2026) § 1203.735-203   Gifts from foreign governments.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_203.md)
- [22 C.F.R. § 1203.735-204 (2026) § 1203.735-204   Outside employment and other activity.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_204.md)
- [22 C.F.R. § 1203.735-205 (2026) § 1203.735-205   Financial interests.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_205.md)
- [22 C.F.R. § 1203.735-206 (2026) § 1203.735-206   Economic and financial activities of employees abroad.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_206.md)
- [22 C.F.R. § 1203.735-207 (2026) § 1203.735-207   Use of Government property.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_207.md)
- [22 C.F.R. § 1203.735-208 (2026) § 1203.735-208   Misuse of information.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_208.md)
- [22 C.F.R. § 1203.735-209 (2026) § 1203.735-209   Indebtedness.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_209.md)
- [22 C.F.R. § 1203.735-210 (2026) § 1203.735-210   Gambling, betting, and lotteries.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_210.md)
- [22 C.F.R. § 1203.735-211 (2026) § 1203.735-211   Activities relating to private organizations and politics.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_211.md)
- [22 C.F.R. § 1203.735-212 (2026) § 1203.735-212   Wearing of uniforms.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_212.md)
- [22 C.F.R. § 1203.735-213 (2026) § 1203.735-213   Recommendations for employment.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_213.md)
- [22 C.F.R. § 1203.735-214 (2026) § 1203.735-214   Transmitting communications and gifts.](https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_214.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T22_P1203_S1203_735_206. Check the current official text before relying on it. Not legal advice.