31 CFR 525.410 - Setoffs prohibited.

Regulations last checked for updates: May 23, 2025

Title 31 - Money and Finance: Treasury last revised: May 14, 2025

View all text of Subpart D [§ 525.401 - § 525.412]

§ 525.410 - 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 § 525.201 if effected after the effective date.

authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,1701; 28 U.S.C. 2461 note (Pub. L. 101-410, 104 Stat. 890, as amended); E.O. 14014, 86 FR 9429, 3 CFR, 2021 Comp., p. 514

source: 89 FR 89483, Nov. 13, 2024, unless otherwise noted.

cite as: 31 CFR 525.410