---
kind: "section"
citation: "31 C.F.R. § 528.404"
title: "31"
number: "528.404"
heading: "Transactions ordinarily incident to a licensed transaction."
url: "https://uscodex.org/cfr/31/528.404"
---

# §528.404. 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 [§ 528.201](/cfr/31/528.201.md); 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.

## Notes

### Authority

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; 28 U.S.C. 2461 note (Pub. L. 101-410, 104 Stat. 890, as amended); E.O. 14203, 90 FR 9369.

### Source

Source: 90 FR 28013, July 1, 2025, unless otherwise noted.