![]() |
Code of Federal Regulations (Last Updated: May 6, 2024) |
![]() |
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 579 - Foreign Interference in U.S. Elections Sanctions Regulations |
![]() |
Subpart D - Interpretations |
§ 579.405 - Setoffs prohibited.
Latest version.
-
§ 579.405 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 § 579.201 if effected after the effective date.