GroundRules
31 CFR 516.405: Setoffs prohibited.
Where this section sits in the code
- Title 31—Money and Finance: Treasury
- Subtitle B—Regulations Relating to Money and Finance
- CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
- PART 516—CUBA SANCTIONS REGULATIONS
- Subpart D—Interpretations
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.
Collected 2026-10-22T05:47:44Z. Source file · JSON