31 C.F.R. § 525.405

Current through May 31, 2024
Section 525.405 - Setoffs prohibited

A setoff against blocked property (including a blocked account), whether by a U.S. financial institution or other U.S. person, is a prohibited transfer under § 525.201 if effected after the effective date.

31 C.F.R. §525.405

86 FR 29197, 6/1/2021