31 CFR § 598.404
Setoffs prohibited
July 31, 2023
§ 598.404 Setoffs prohibited.
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 § 598.202 if effected after the effective date.
[86 FR 26669, May 17, 2021]