|English to German translations [PRO]|
Bus/Financial - Management / Money Laundering
|English term or phrase: foreign band|
|Es geht um ein Geldwäschetraining für Bankmitarbeiter, konkret um "Due Diligence for correspondent bank accounts": |
"The Bank should give priority to conducting due diligence on high risk correspondent accounts maintained for foreign financial institutions other than ***foreign band***, such as money transmitters."
Wer kann helfen?
|German translation:-> foreign bank|
... foreign financial institutions other than foreign ban*k*
Correspondent and Private Banking Accounts:
Recent Regulations and Enforcement Actions
Due Diligence Requirements
* Correspondent accounts maintained for
o Foreign banks
o Foreign offices of covered institutions
o Foreign equivalents to securities broker-dealers, FCMs, mutual funds
o Non-US entities that are currency dealers or money transmitters
* Broad definition of correspondent account
o Established to receive deposits from, or make payments to or on behalf of, a foreign financial institution, or to handle other financial transactions related to such institution
o “Account,” i.e., a formal banking or business relationship established to provide regular services and other financial transactions
* “Foreign financial institution”
Für "foreign band" "money transmitters" gibt es, abgesehen von Poz.com-Links, keine Belege im Internet - wohl aber für "foreign bank" "money transmitters" ( 614 Treffer mit Google).
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