Code of Federal Regulations · Section

§ 510.321 — Payable-through Account

31 C.F.R. § 510.321

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The term payable-through account means a correspondent account maintained by a U.S. financial institution for 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. § 510.320 31 C.F.R. § 510.322

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