[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR597.307]



[Page 485]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 597_FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS--Table 

of Contents

 

                      Subpart C_General Definitions

 

Sec. 597.307  Financial institution.



    The term financial institution shall have the definition given that 

term in 31 U.S.C. 5312(a)(2) as from time to time amended, 

notwithstanding the definition of that term in 31 CFR part 103.



    Note: The breadth of the statutory definition of financial 

institution precludes its reproduction in this section. Among the types 

of businesses covered are insured banks (as defined in 12 U.S.C. 

1813(h)), commercial banks or trust companies, private bankers, agencies 

or branches of a foreign bank in the United States, insured institutions 

(as defined in 12 U.S.C. 1724(a)), thrift institutions, brokers or 

dealers registered with the Securities and Exchange Commission under 15 

U.S.C. 78a et seq., securities or commodities brokers and dealers, 

investment bankers or investment companies, currency exchanges, issuers, 

redeemers, or cashiers of traveler's checks, checks, money orders, or 

similar instruments, credit card system operators, insurance companies, 

dealers in precious metals, stones or jewels, pawnbrokers, loan or 

finance companies, travel agencies, licensed senders of money, telegraph 

companies, businesses engaged in vehicle sales, including automobile, 

airplane or boat sales, persons involved in real estate closings and 

settlements, the United States Postal Service, a casino, gambling 

casino, or gaming establishment with an annual gaming revenue of more 

than $1,000,000 as further described in 31 U.S.C. 5312(a)(2), or 

agencies of the United States Government or of a State or local 

government carrying out a duty or power of any of the businesses 

described in 31 U.S.C. 5312(a)(2).