31 CFR 516.405 - Setoffs prohibited.

Regulations last checked for updates: Oct 25, 2026

Title 31 - Money and Finance: Treasury last revised: Oct 15, 2026

View all text of Subpart D [§ 516.401 - § 516.406]

§ 516.405 - 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 § 516.201 if effected after the effective date.

authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601

source: 91 FR 61749, Sept. 30, 2026, unless otherwise noted.

cite as: 31 CFR 516.405