Setoffs prohibited.

  1. Law
  2. CFR 31
  3. Money and Finance: Treasury
  4. Regulations Relating to Money and Finance
  5. Office of Foreign Assets Control, Department of the Treasury
  6. Foreign Terrorist Organizations Sanctions Regulations
  7. Interpretations
  8. Setoffs prohibited.

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§ 597.404 Setoffs prohibited.

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.


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