31 C.F.R. § 550.405

Current through July 31, 2024
Section 550.405 - 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 § 550.201 if effected after the effective date.

31 C.F.R. §550.405

87 FR 7374, 2/9/2022