StacksVerified U.S. regulatory reference

31 CFR §589.515

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The operation of an account in a U.S. financial institution for an individual ordinarily resident in the Crimea region of Ukraine, other than an individual whose property and interests in property are blocked § 589.201, is authorized, provided that transactions processed through the account:
  1. (a)Are of a personal nature and not for use in supporting or operating a business;
  2. (b)Do not involve transfers, directly or indirectly, to the Crimea region of Ukraine or for the benefit of individuals ordinarily resident in the Crimea region of Ukraine unless authorized by § 589.514; and