31 CFR § 549.404 - Transactions ordinarily incident to a licensed transaction.

---
identifier: "/us/cfr/t31/s549.404"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 549.404 - Transactions ordinarily incident to a licensed transaction."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "549.404"
section_name: "Transactions ordinarily incident to a licensed transaction."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "549"
part_name: "LEBANON SANCTIONS 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; 31 U.S.C. 321(b); 50 U.S.C. 1601  1701  Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13441, 72 FR 43499, 3 CFR, 2008 Comp., p. 232."
regulatory_source: "75 FR 44909, July 30, 2010, unless otherwise noted."
cfr_part: "549"
---


# 549.404 Transactions ordinarily incident to a licensed transaction.

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 § 549.201(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 § 549.201(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 § 549.201(a).