31 CFR § 510.309 - Foreign financial institution.

Date issued: Mar. 05 2018

TURBOFAC Commentary (93 words)

Notes:

Compare with analogous, virtually identical definition in the IFSR (561.308). As is the case with the HFSR and IFSR, the secondary sanctions portion of the NKSR is structured such that, with the exception of the specifically carved out international institutions, the scope of foreign financial institution is broader than U.S. financial institution, here with foreign financial institution including "dealers in precious metals, stones, or jewels" and "money service businesses." Neither provision purports to be an exhaustive list ("it includes,") but the omissions made in the U.S. version appear intentional.