31 CFR 1010.605 - Definitions

Cite as31 CFR 1010.605
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51 practice notes
4 cases
  • Medina-Rodríguez v. $3,072,266.59 in U.S. Currency, Civil No. 19-1236 (FAB)
    • United States
    • United States District Courts. 1st Circuit. District of Puerto Rico
    • July 9, 2020
    ...banking or business relationship established by a bank to provide regular services, dealings, and other financial transactions." 31 C.F.R. §§ 1010.605(c) and (d). Essentially, a correspondent bank "holds one or more correspondent accounts for a member bank for the deposit or placement of fu......
  • United States v. $1,071,251.44 of Funds Associated With Mingzheng Int'l Trading Ltd., Civil Action No. 17-cv-1166 (KBJ)
    • United States
    • U.S. District Court — District of Columbia
    • August 15, 2018
    ...bank or financial institution, or to handle other financial transactions related to the foreign bank or financial institution. 31 C.F.R. § 1010.605(c).3 In the summer of 2017, after the conduct at issue in this case, OFAC designated as SDNs Minzheng, Minzheng's owner, Sun Wei, and the Forei......
  • Medina-Rodríguez v. $3,072,266.59 in U.S. Currency, Civil No. 19-1236 (FAB)
    • United States
    • U.S. District Court — District of Puerto Rico
    • July 9, 2020
    ...banking or business relationship established by a bank to provide regular services, dealings, and other financial transactions." 31 C.F.R. §§ 1010.605(c) and (d). Essentially, a correspondent bank "holds one or more correspondent accounts for a member bank for the deposit or placement of fu......
  • United States v. $1, 827, 242.65 of Funds Associated With Co. 1, Civil Action 20-2019 (RC)
    • United States
    • United States District Courts. United States District Court (Columbia)
    • January 6, 2022
    ...or handles other financial transactions, such as currency conversions, related to such foreign financial institution.” Id. (citing 31 C.F.R. § 1010.605). [5] Supplemental Rule G also requires that if-as is the case here-the subject of the seizure is not real property, the “clerk must issue ......
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