31 CFR § 515.404
Transactions between principal and agent
July 31, 2023
§ 515.404 Transactions between principal and agent.
A transaction between any person within the United States and any principal, agent, home office, branch, or correspondent, outside the United States of such person is a transaction prohibited by § 515.201 to the same extent as if the parties to the transaction were in no way affiliated or associated with each other.