# 31 CFR § 501.601: Records and recordkeeping requirements

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-501.601

## Section

- **Citation:** 31 CFR § 501.601
- **Heading:** Records and recordkeeping requirements
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 31—Money and Finance: Treasury > Subtitle B—Regulations Relating to Money and Finance > CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY > PART 501—REPORTING, PROCEDURES AND PENALTIES REGULATIONS > Subpart C—Reports

## Text

Except as otherwise provided, every person engaging in any transaction subject to the provisions of this chapter shall keep a full and accurate record of each such transaction engaged in, regardless of whether such transaction is effected pursuant to license or otherwise, and such record shall be available for examination for at least 10 years after the date of such transaction. Except as otherwise provided, every person holding property blocked pursuant to the provisions of this chapter or funds transfers retained pursuant to § 596.504(b) of this chapter shall keep a full and accurate record of such property, and such record shall be available for examination for the period of time that such property is blocked and for at least 10 years after the date such property is unblocked.
[62 FR 45101, Aug. 25, 1997, as amended at 62 FR 52494, Oct. 8, 1997; 89 FR 74834, Sept. 13, 2024]

## Nearby sections

- [31 CFR § 501.101 § 501.101 Relation of this part to other parts in this chapter.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.101.md)
- [31 CFR § 501.301 § 501.301 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.301.md)
- [31 CFR § 501.601 § 501.601 Records and recordkeeping requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.601.md)
- [31 CFR § 501.602 § 501.602 Reports to be furnished on demand.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.602.md)
- [31 CFR § 501.603 § 501.603 Reports of blocked, unblocked, or transferred blocked property.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.603.md)
- [31 CFR § 501.604 § 501.604 Reports of rejected transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.604.md)
- [31 CFR § 501.605 § 501.605 Reports on litigation, arbitration, and dispute resolution proceedings.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.605.md)
- [31 CFR § 501.606 § 501.606 Reporting and recordkeeping requirements applicable to economic sanctions programs.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.606.md)
- [31 CFR § 501.700 § 501.700 Applicability.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.700.md)
- [31 CFR § 501.701 § 501.701 Penalties.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.701.md)
- [31 CFR § 501.702 § 501.702 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.702.md)
- [31 CFR § 501.703 § 501.703 Overview of civil penalty process and construction of rules.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.703.md)
- [31 CFR § 501.704 § 501.704 Appearance and practice.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.704.md)
- [31 CFR § 501.705 § 501.705 Service and filing.](https://www.frixlaw.com/law-library/statutes/ecfr-31-501.705.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-501.601. Check the current official text before relying on it. Not legal advice.