31 C.F.R. § 553.410

Current through November 30, 2024
Section 553.410 - 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 § 553.201 if effected after the effective date.

31 C.F.R. §553.410

87 FR 58974 , 9/29/2022