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§ 576.403 Setoffs prohibited.

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Title 31 CFR: Money and Finance: Treasury › Chapter V: OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY › Part 576: IRAQ STABILIZATION AND INSURGENCY SANCTIONS REGULATIONS › Subpart D: Interpretations › § 576.403: § 576.403 Setoffs prohibited.

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

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 § 576.201 if made after the effective date.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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