31 CFR 582.405 - Setoffs prohibited.

Regulations last checked for updates: Dec 18, 2025

Title 31 - Money and Finance: Treasury last revised: Aug 04, 2025

View all text of Subpart D [§ 582.401 - § 582.406]

§ 582.405 - Setoffs prohibited.

A setoff against blocked property (including a blocked account), whether by a U.S. bank or other U.S. person, is a prohibited transfer under § 582.201 if effected after the effective date.

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

source: 84 FR 46441, Sept. 4, 2019, unless otherwise noted.

cite as: 31 CFR 582.405