Code of Federal Regulations · Section

§ 560.421 — Setoffs Prohibited

31 C.F.R. § 560.421

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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 § 560.211 if effected after the effective date.

31 C.F.R. § 560.420 31 C.F.R. § 560.422

Authorizing Statute

Mode of recovery
28 U.S.C. § 2461
General authority of the Secretary
31 U.S.C. § 321
General authorization to delegate functions; publication of delegations
3 U.S.C. § 301
Providing material support or resources to designated foreign terrorist organizations
18 U.S.C. § 2339B