22 CFR 1508.320 - Must I verify that principals of my covered transactions are eligible to participate?

Regulations last checked for updates: Nov 22, 2024

Title 22 - Foreign Relations last revised: Oct 28, 2024

View all text of Subpart C [§ 1508.300 - § 1508.365]

§ 1508.320 - Must I verify that principals of my covered transactions are eligible to participate?

Yes, you as a participant are responsible for determining whether any of your principals of your covered transactions is excluded or disqualified from participating in the transaction. You may decide the method and frequency by which you do so. You may, but you are not required to, check the EPLS.

authority: Sec. 2455, Pub.L. 103-355, 108 Stat. 3327; E.O. 12549, 3CFR, 1986 Comp., p.89; E.O. 12689, 3CFR, 1989 Comp., p. 235

source: 68 FR 66590, 66592, Nov. 26, 2003, unless otherwise noted.

cite as: 22 CFR 1508.320