Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

“During the relevant time period, the U.S. banks unknowingly processed correspondent banking transactions for U.S. dollar transactions originating in North Korea,” a charging document unsealed Tuesday said.

From Washington Post • Apr. 25, 2023

U.S. banks were required to sever correspondent banking ties, which allow banks to make payments between one another, with Sberbank.

From Reuters • Apr. 6, 2022

One promising tool is limiting their access to something called correspondent banking.

From Slate • Feb. 25, 2022

That would mean they would no longer be able to maintain correspondent banking relationships in the U.S., which means they would have to forget about conducting transactions in dollars.

From Washington Times • Jul. 10, 2018

In some countries a complete shut-out from correspondent banking looms.

From Economist • Jul. 6, 2017