Code of Federal Regulations · Section

§ 553.410 — Setoffs Prohibited

31 C.F.R. § 553.410

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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 § 553.201 if effected after the effective date.

31 C.F.R. § 553.409 31 C.F.R. § 553.411

Authorizing Statute

General authority of the Secretary
31 U.S.C. § 321
Economic and communication sanctions pursuant to United Nations Security Council Resolution
22 U.S.C. § 287c
Mode of recovery
28 U.S.C. § 2461
Termination of existing declared emergencies
50 U.S.C. § 1601
General authorization to delegate functions; publication of delegations
3 U.S.C. § 301