correspondent relationship

Definitions over time (1)

09/07/2018 – 30/06/2021 Article 3, Fourth Anti-Money Laundering Directive Scope: Whole act

For the purposes of this Directive, the following definitions apply:

‘correspondent relationship’ means: the provision of banking services by one bank as the correspondent to another bank as the respondent, including providing a current or other liability account and related services, such as cash management, international funds transfers, cheque clearing, payable-through accounts and foreign exchange services; the relationships between and among credit institutions and financial institutions including where similar services are provided by a correspondent institution to a respondent institution, and including relationships established for securities transactions or funds transfers;

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No text uses this concept on 12/11/2026.