§ 510.303 Correspondent account.

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Title 31 CFR: Money and Finance: Treasury › Chapter V: OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY › Part 510: NORTH KOREA SANCTIONS REGULATIONS › Subpart C: General Definitions › § 510.303: § 510.303 Correspondent account.

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

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.

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