---
kind: "section"
citation: "31 C.F.R. § 598.404"
title: "31"
number: "598.404"
heading: "Setoffs prohibited."
url: "https://uscodex.org/cfr/31/598.404"
---

# §598.404. 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 [§ 598.202](/cfr/31/598.202.md) if effected after the effective date.


## Notes

### Amendments

[86 FR 26669, May 17, 2021]

### Authority

Authority: 3 U.S.C. 301; 21 U.S.C. 1901-1908; 31 U.S.C. 321(b); Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note).

### Source

Source: 65 FR 41336, July 5, 2000, unless otherwise noted.

### Amendments

[86 FR 26669, May 17, 2021]