31 CFR § 589.515
Operation of accounts for individuals ordinarily resident in the Crimea region of Ukraine
July 31, 2023
§ 589.515 Operation of accounts for individuals ordinarily resident in the Crimea region of Ukraine.
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:
(a) Are of a personal nature and not for use in supporting or operating a business;
(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