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Federal regulations · Through 2026-08-25 · Newer source version available

31 CFR 597.404: Setoffs prohibited.

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Where this section sits in the code
  1. Title 31—Money and Finance: Treasury
  2. Subtitle B—Regulations Relating to Money and Finance
  3. CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
  4. PART 597—FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS
  5. Subpart D—Interpretations

A setoff against blocked funds (including a blocked account) by a U.S. financial institution is a prohibited transaction under § 597.201 if effected after the effective date.

Collected 2026-08-27T02:25:25Z. Source file · JSON

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