GroundRules
31 CFR 561.306: Correspondent account.
Where this section sits in the code
- 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
- PART 561—IRANIAN FINANCIAL SANCTIONS REGULATIONS
- Subpart C—General Definitions
The term correspondent account means an account established by a U.S. financial institution for a foreign financial institution to receive deposits from, or to make payments on behalf of, the foreign financial institution, or to handle other financial transactions related to such foreign financial institution.
Collected 2026-08-27T02:25:25Z. Source file · JSON