Code of Federal Regulations · Section

§ 510.303 — Correspondent Account

31 C.F.R. § 510.303

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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. § 510.302 31 C.F.R. § 510.304

Authorizing Statute

General authority of the Secretary
31 U.S.C. § 321
Mode of recovery
28 U.S.C. § 2461
General authorization to delegate functions; publication of delegations
3 U.S.C. § 301
Economic and communication sanctions pursuant to United Nations Security Council Resolution
22 U.S.C. § 287c
Termination of existing declared emergencies
50 U.S.C. § 1601