CFR > Title 31 - Money and Finance: Treasury > SUBTITLE B—Regulations Relating to Money and Finance > CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY (parts 501 to 598) > PART 598—FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS > SUBPART D—Interpretations (§598.401 to §598.410) > 598.404—Setoffs prohibited.

598.404—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 § 598.203 if effected after the effective date.