C.F.R. » Title 31 » CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY › PART 561—IRANIAN FINANCIAL SANCTIONS REGULATIONS › Subpart C—General Definitions

31 C.F.R. § 561.323

Foreign financial institution owned or controlled by the government of a foreign country

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The phrase foreign financialinstitution ownedor controlledby thegovernment ofa foreigncountry means any foreign financial institution, including a central bank of a foreign country, in which a government of a foreign country owns a 50 percent or greater interest and any foreign financial institution which is otherwise controlled by a government of a foreign country.