31 C.F.R. § 561.306

Current through September 30, 2024
Section 561.306 - Correspondent account

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.

31 C.F.R. § 561.306