# 31 C.F.R. § 576.405 (2026): Transactions ordinarily incident to a licensed transaction

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_405

## Section

- **Citation:** 31 C.F.R. § 576.405 (2026)
- **Heading:** Transactions ordinarily incident to a licensed transaction
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 31 CFR: Money and Finance: Treasury / Chapter V: OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY / Part 576: IRAQ STABILIZATION AND INSURGENCY SANCTIONS REGULATIONS / Subpart D: Interpretations / § 576.405: § 576.405   Transactions ordinarily incident to a licensed transaction.

## Text

Any transaction ordinarily incident to a licensed transaction and necessary to give effect thereto is also authorized, except:
(a) An ordinarily incident transaction, not explicitly authorized within the terms of the license, by or with a person whose property and interests in property are blocked pursuant to § 576.201(a); or
(b) An ordinarily incident transaction, not explicitly authorized within the terms of the license, involving a debit to a blocked account or a transfer of blocked property.
(c)
Example.
A license authorizing Company A, whose property and interests in property are blocked pursuant to § 576.201(a), to complete a securities sale also authorizes all activities by other parties required to complete the sale, including transactions by the buyer, broker, transfer agents, banks, etc., provided that such other parties are not themselves persons whose property and interests in property are blocked pursuant to § 576.201(a).

## Nearby sections

- [31 C.F.R. § 576.401 (2026) § 576.401   Reference to amended sections.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_401.md)
- [31 C.F.R. § 576.402 (2026) § 576.402   Effect of amendment.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_402.md)
- [31 C.F.R. § 576.403 (2026) § 576.403   Setoffs prohibited.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_403.md)
- [31 C.F.R. § 576.404 (2026) § 576.404   Termination and acquisition of an interest in property.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_404.md)
- [31 C.F.R. § 576.405 (2026) § 576.405   Transactions ordinarily incident to a licensed transaction.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_405.md)
- [31 C.F.R. § 576.406 (2026) § 576.406   Provision of services.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_406.md)
- [31 C.F.R. § 576.407 (2026) § 576.407   Offshore transactions.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_407.md)
- [31 C.F.R. § 576.408 (2026) § 576.408   Payments from blocked accounts to satisfy obligations prohibited.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_408.md)
- [31 C.F.R. § 576.409 (2026) § 576.409   Charitable contributions.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_409.md)
- [31 C.F.R. § 576.410 (2026) § 576.410   Credit extended and cards issued by U.S. financial institutions.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_410.md)
- [31 C.F.R. § 576.411 (2026) § 576.411   Prohibited transactions involving certain Iraqi cultural property.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_411.md)
- [31 C.F.R. § 576.412 (2026) § 576.412   Entities owned by one or more persons whose property and interests in property are blocked.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_412.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T31_P576_S576_405. Check the current official text before relying on it. Not legal advice.