31 CFR · Money and Finance: Treasury
§ 599.405 — Setoffs prohibited.
31 CFR § 599.405
TitleTitle 31: Money and Finance: TreasuryPartPart 599: Illicit Drug Trade Sanctions Regulations
SourceeCFR (current through Mar 30, 2026)
This text of 31 C.F.R. § 599.405 (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. § 599.405 (2026).
Text
§ 599.405 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 § 599.201 if effected after the effective date.
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Related
§ 599.201
31 C.F.R. § 599.201
Nearby Sections
11
§ 599.319
United States financial institution.§ 599.401
§ 599.401 [Reserved]§ 599.402
Effect of amendment.§ 599.405
Setoffs prohibited.§ 599.406
Entities owned by one or more persons whose property and interests in property are blocked.§ 599.503
Exclusion from licenses.Cite This Page — Counsel Stack
Bluebook (online)
31 C.F.R. § 599.405, Counsel Stack Legal Research, https://law.counselstack.com/cfr/31/599/599.405.