31 CFR 1023.630 - Prohibition on correspondent accounts for foreign shell banks; records concerning owners of foreign banks and agents for service of legal process.

Regulations last checked for updates: Nov 25, 2024

Title 31 - Money and Finance: Treasury last revised: Nov 18, 2024

Collapse to view only § 1023.630 - Prohibition on correspondent accounts for foreign shell banks; records concerning owners of foreign banks and agents for service of legal process.

Table of Contents

§ 1023.600 - General.

§ 1023.610 - Due diligence programs for correspondent accounts for foreign financial institutions.

§ 1023.620 - Due diligence programs for private banking accounts.

§ 1023.630 - Prohibition on correspondent accounts for foreign shell banks; records concerning owners of foreign banks and agents for service of legal process.

§ 1023.640 - [Reserved]

§ 1023.670 - Summons or subpoena of foreign bank records; termination of correspondent relationship.

§ 1023.600 - General.

Brokers or dealers in securities are subject to the special standards of diligence; prohibitions; and special measures requirements set forth and cross referenced in this subpart. Brokers or dealers in securities should also refer to subpart F of part 1010 of this chapter for special standards of diligence; prohibitions; and special measures contained in that subpart which apply to brokers or dealers in securities.

§ 1023.610 - Due diligence programs for correspondent accounts for foreign financial institutions.

(a) Refer to § 1010.610 of this chapter.

(b) [Reserved]

§ 1023.620 - Due diligence programs for private banking accounts.

(a) Refer to § 1010.620 of this chapter.

(b) [Reserved]

§ 1023.630 - Prohibition on correspondent accounts for foreign shell banks; records concerning owners of foreign banks and agents for service of legal process.

(a) Refer to § 1010.630 of this chapter.

(b) [Reserved]

§ 1023.640 - [Reserved]

§ 1023.670 - Summons or subpoena of foreign bank records; termination of correspondent relationship.

(a) Refer to § 1010.670 of this chapter.

(b) [Reserved]

authority: 12 U.S.C. 1829b and 1951-1959; 31 U.S.C. 5311-5314 and 5316-5332; title III, sec. 314, Pub. L. 107-56, 115 Stat. 307; sec. 701, Pub. L. 114-74, 129 Stat. 599

source: 75 FR 65812, Oct. 25, 2010, unless otherwise noted.

cite as: 31 CFR 1023.630