offshore banking license
Defined in 1 place of the United States Code.
Offshore banking license.—The term "offshore banking license" means a license to conduct banking activities which, as a condition of the license, prohibits the licensed entity from conducting banking activities with the citizens of, or with the local currency of, the country which issued the license.
Source
- 2001–202131 U.S.C. § 5318Money and Finance · Compliance, exemptions, and summons authority · under this section
The term “offshore banking license” means a license to conduct banking activities which, as a condition of the license, prohibits the licensed entity from conducting banking activities with the citizens of, or with the local currency of, the country which issued the license.
Source
- 2013–present31 U.S.C. § 5318Money and Finance · Compliance, exemptions, and summons authority · under this section