![]() |
Code of Federal Regulations (Last Updated: July 5, 2024) |
![]() |
Title 31 - Money and Finance: Treasury |
![]() |
Subtitle B - Regulations Relating to Money and Finance |
![]() |
Chapter V - Office of Foreign Assets Control, Department of the Treasury |
![]() |
Part 510 - North Korea Sanctions Regulations |
![]() |
Subpart C - General Definitions |
§ 510.321 - Payable-through account.
Latest version.
-
§ 510.321 Payable-through account.
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.