# 31 CFR § 588.206: Exempt transactions

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-588.206

## Section

- **Citation:** 31 CFR § 588.206
- **Heading:** Exempt transactions
- **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 588—WESTERN BALKANS STABILIZATION REGULATIONS > Subpart B—Prohibitions

## Text

(a) United Nations Participation Act. The exemptions cited in this section do not apply to transactions involving property or interests in property of persons whose property and interests in property are blocked pursuant to the authority of the United Nations Participation Act, as amended (22 U.S.C. 287c(b)) (UNPA).
Note 1 to paragraph (a).
Persons whose property and interests in property are blocked pursuant to the authority of the UNPA include those listed on both OFAC's Specially Designated Nationals and Blocked Persons List and the Consolidated United Nations Security Council Sanctions List (see https://www.un.org).
(b) International Emergency Economic Powers Act. The prohibitions contained in this part do not apply to any transactions that are exempt pursuant to section 203(b) of the International Emergency Economic Powers Act, (50 U.S.C. 1702(b)).
(c) Official business. The prohibitions contained in § 588.201(a)(3) do not apply to any transactions for the conduct of the official business of the United States Government by employees, grantees, or contractors thereof.

## Nearby sections

- [31 CFR § 588.101 § 588.101 Relation of this part to other laws and regulations.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.101.md)
- [31 CFR § 588.201 § 588.201 Prohibited transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.201.md)
- [31 CFR § 588.202 § 588.202 Effect of transfers violating the provisions of this part.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.202.md)
- [31 CFR § 588.203 § 588.203 Holding of funds in interest-bearing accounts; investment and reinvestment.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.203.md)
- [31 CFR § 588.204 § 588.204 Expenses of maintaining blocked tangible property; liquidation of blocked property.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.204.md)
- [31 CFR § 588.205 § 588.205 Evasions; attempts; causing violations; conspiracies.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.205.md)
- [31 CFR § 588.206 § 588.206 Exempt transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.206.md)
- [31 CFR § 588.300 § 588.300 Applicability of definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.300.md)
- [31 CFR § 588.301 § 588.301 Blocked account; blocked property.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.301.md)
- [31 CFR § 588.302 § 588.302 Effective date.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.302.md)
- [31 CFR § 588.303 § 588.303 Entity.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.303.md)
- [31 CFR § 588.304 § 588.304 Financial, material, or technological support.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.304.md)
- [31 CFR § 588.306 § 588.306 Interest.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.306.md)
- [31 CFR § 588.307 § 588.307 Licenses; general and specific.](https://www.frixlaw.com/law-library/statutes/ecfr-31-588.307.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-588.206. Check the current official text before relying on it. Not legal advice.