Prohibition on indirect correspondent accounts

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Title 22—FOREIGN RELATIONS AND INTERCOURSE > CHAPTER 99—NORTH KOREA SANCTIONS AND POLICY ENHANCEMENT > SUBCHAPTER II—SANCTIONS AGAINST NORTH KOREAN PROLIFERATION, HUMAN RIGHTS ABUSES, AND ILLICIT ACTIVITIES

This text was captured on Sep 9, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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Except as provided in subsection (b), if a United States financial institution has or obtains knowledge that a correspondent account established, maintained, administered, or managed by that institution for a foreign financial institution is being used by the foreign financial institution to provide significant financial services indirectly to any person, foreign government, or financial institution designated under section 9214 of this title , the United States financial institution shall ensure that such correspondent account is no longer used to provide such services.

( Pub. L. 114–122, title II, § 201A , as added Pub. L. 115–44, title III, § 312(a) , Aug. 2, 2017 , 131 Stat. 945 .)

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