Code of Federal Regulations (alpha)

CFR /  Title 31  /  Part 515  /  Sec. 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 Sec. 515.201 to the same extent as if the parties to the transaction were in no way affiliated or associated with each other.