31 C.F.R. § 566.316
Current through September 30, 2024
The term payable-through account means an account, including a transaction account as defined in § 566.317 , opened at a depository institution by a foreign financial institution by means of which the foreign financial institution permits its customers to engage, either directly or through a subaccount, in banking activities usual in connection with the business of banking in the United States.
31 C.F.R. §566.316