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§ 587.405 Setoffs prohibited.

31 CFR 587.405

  1. CFR
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  3. Title 31
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  5. Subtitle B
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  7. Chapter V
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  9. Part 587
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  11. Subpart D
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  13. 31 CFR 587.405
Citation31 CFR 587.405
CorpusDaily eCFR
Displayed edition2026-04-15
Last updated2026-04-15

§ 587.405 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 § 587.201 if effected after the effective date.