31 CFR · Money and Finance: Treasury
§ 597.404 — Setoffs prohibited.
31 CFR § 597.404
TitleTitle 31: Money and Finance: TreasuryPartPart 597: Foreign Terrorist Organizations Sanctions Regulations
SourceeCFR (current through Mar 30, 2026)
This text of 31 C.F.R. § 597.404 (Setoffs prohibited.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
31 C.F.R. § 597.404 (2026).
Text
§ 597.404 Setoffs prohibited.
A setoff against blocked funds (including a blocked account) by a U.S. financial institution is a prohibited transaction under § 597.201 if effected after the effective date.
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Related
§ 597.201
31 C.F.R. § 597.201
Nearby Sections
11
§ 597.318
United States.§ 597.319
U.S. financial institution.§ 597.401
Reference to amended sections.§ 597.402
Effect of amendment.§ 597.404
Setoffs prohibited.§ 597.406
Offshore transactions.§ 597.407
Palestinian Authority.§ 597.500
Licensing procedures.§ 597.501
Effect of license or authorization.Cite This Page — Counsel Stack
Bluebook (online)
31 C.F.R. § 597.404, Counsel Stack Legal Research, https://law.counselstack.com/cfr/31/597/597.404.