CFR›Title 31›Subtitle B›Chapter V›Part 589›Subpart D›31 CFR 589.410 Citation31 CFR 589.410CorpusDaily eCFRDisplayed edition2026-04-15Last updated2026-04-15 § 589.410 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 § 589.201 if effected after the effective date. Previous 589.409 § 589.409 Credit extended and cards issued by financial institutions to a person whose property and interests in property are blocked. Next 589.411 § 589.411 Entities owned by one or more persons whose property and interests in property are blocked or who are subject to § 589.202, § 589.203, § 589.204, or § 589.205.
§ 589.410 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 § 589.201 if effected after the effective date.