---
kind: "section"
citation: "31 C.F.R. § 584.409"
title: "31"
number: "584.409"
heading: "Setoffs prohibited."
url: "https://uscodex.org/cfr/31/584.409"
---

# §584.409. Setoffs prohibited.


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 [§ 584.201](/cfr/31/584.201.md) if effected after the effective date.


## Notes

### Authority

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601 et seq., 1701 et seq.; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); Pub. L. 112-208, Title IV, 126 Stat. 1502 (22 U.S.C. 5811 note).

### Source

Source: 82 FR 60508, Dec. 21, 2017, unless otherwise noted.