Code of Federal Regulations · Section

§ 562.405 — Setoffs Prohibited

31 C.F.R. § 562.405

View:

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 § 562.201 if effected after the effective date.

31 C.F.R. § 562.404 31 C.F.R. § 562.406

Authorizing Statute

Financial transactions
18 U.S.C. § 2332d
General authorization to delegate functions; publication of delegations
3 U.S.C. § 301
General authority of the Secretary
31 U.S.C. § 321
Mode of recovery
28 U.S.C. § 2461