(a) All transactions with state bodies, corporations, or agencies of the former Iraqi regime that are otherwise prohibited by Sec. 576.201(a) are authorized.
(b) The authorization in paragraph (a) of this section does not apply to any transactions with state bodies, corporations, or agencies of the former Iraqi regime listed on the Office of Foreign Assets Control's Specially Designated Nationals and Blocked Persons List. [75 FR 55466, Sept. 13, 2010, as amended at 76 FR 38542, June 30, 2011]