31 C.F.R. § 569.405

Current through July 31, 2024
Section 569.405 - Setoffs prohibited

A setoff against blocked property (including a blocked account), whether by a U.S. bank or other U.S. person, is a prohibited transfer under § 569.201 if effected after the effective date.

31 C.F.R. §569.405

85 FR 34510, 6/5/2020