31 CFR § 539.503 - Exclusion from licenses.

---
identifier: "/us/cfr/t31/s539.503"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 539.503 - Exclusion from licenses."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "539.503"
section_name: "Exclusion from licenses."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "539"
part_name: "WEAPONS OF MASS DESTRUCTION TRADE CONTROL REGULATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "3 U.S.C. 301; 22 U.S.C. 2751-2799aa-2; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 12938, 59 FR 59099, 3 CFR, 1994 Comp., p. 950; E.O. 13094, 63 FR 40803, 3 CFR, 1998 Comp., p. 200; E.O. 13382, 70 FR 38567, 3 CFR, 2005 Comp., p. 170."
regulatory_source: "64 FR 8716, Feb. 23, 1999, unless otherwise noted."
cfr_part: "539"
---


# 539.503 Exclusion from licenses.

The Director of the Office of Foreign Assets Control reserves the right to exclude any person, property, or transaction from the operation of any license or from the privileges conferred by any license. The Director of the Office of Foreign Assets Control also reserves the right to restrict the applicability of any license to particular persons, property, transactions, or classes thereof. Such actions are binding upon all persons receiving actual or constructive notice of the exclusions or restrictions.