§525.407. Payments from blocked accounts to satisfy obligations prohibited.
31 C.F.R. § 525.407
Pursuant to § 525.201, no debits may be made to a blocked account to pay obligations to U.S. persons or other persons, except as authorized by or pursuant to this part.
Notes, amendments, and revision history
Authority
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; 28 U.S.C. 2461 note (Pub. L. 101-410, 104 Stat. 890, as amended); E.O. 14014, 86 FR 9429, 3 CFR, 2021 Comp., p. 514.
Source
Source: 89 FR 89483, Nov. 13, 2024, unless otherwise noted.