1. LawStack
  2. Title 31 - Money and Finance: Treasury
  3. Subtitle B - Regulations Relating to Money and Finance
  4. Chapter V - Office of Foreign Assets Control, Department of the Treasury
  5. Part 583 - Global Magnitsky Sanctions Regulations
  6. Subpart D - Interpretations
  7. 31 CFR § 583.410
31 CFR § 583.410
Setoffs prohibited
March 30, 2026
CFR

§ 583.410 Setoffs prohibited.

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 § 583.201 if effected after the effective date.

Previous
§ 583.409 Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked
Next
§ 583.411 Entities owned by one or more persons whose property and interests in property are blocked

Tried the LawStack mobile app?

Join thousands and try LawStack mobile for FREE today.

  • Carry the law offline, wherever you go.
  • Download CFR, USC, rules, and state law to your mobile device.

Designed and built by Tekk Innovations LLC, the makers of the LawStack iPhone app or Android app.

© 2020 Tekk Innovations LLC