31 C.F.R. § 587.409 Setoffs prohibited.
Title 31 - Money and Finance: Treasury
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 §587.201 if effected after the effective date.
Title 31: Money and Finance: Treasury
PART 587—FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA AND MONTENEGRO) MILOSEVIC SANCTIONS REGULATIONS
Subpart D—Interpretations
§ 587.409 Setoffs prohibited.