C.F.R. » Title 31 » CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY › PART 544—WEAPONS OF MASS DESTRUCTION PROLIFERATORS SANCTIONS REGULATIONS › Subpart D—Interpretations

31 C.F.R. § 544.407

Payments from blocked accounts to satisfy obligations prohibited

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Pursuant to § 544.201, 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 of Decisions
Cited in 1 case, 2013–2013 · leading case: Ministry of Def. & Support for the Armed Forces v. Cubic Def. Sys., Inc., 984 F. Supp. 2d 1070 (S.D. Cal. 2013).
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Ministry of Def. & Support for the Armed Forces v. Cubic Def. Sys., Inc., 984 F. Supp. 2d 1070 (S.D. Cal. 2013). “MOD argues this regulation bars Lien Claimants from attaching the Cubic Judgment because the funds are held by the Clerk of the Court in a “blocked account”; consequently, no debit can be made to satisfy MOD’S obligation to Lien Claimants, who are “U.”
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