How to use comingles in a sentence? Find typical usage patterns (collocations)/phrases/context for "comingles" and check conjugation/comparative form for "comingles". Mastering all the usages of "comingles" from sentence examples published by news publications.
It's disappointing that Wolff comingles fact and fiction, leaving the truth hanging.
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Under section 319 any deposits into foreign banks are also considered to have been deposited into any interbank account the foreign bank may have in the U.S. Thus any restraining order, seizure warrant or arrest warrant may be made against the funds in the interbank account held at a U.S. financial institution, up to the amount deposited in the account at the foreign bank. Section 325 prohibits financial institutions from allowing clients to specifically direct transactions that move their funds into, out of, or through an internal bank concentration accounts -- financial institutions are also prohibited from informing clients about the existence of such accounts and are not allowed to make any disclosure that may give customer a way of identifying such internal accounts. The section requires financial institutions to document and follow methods of identifying where the funds are for each customer in a concentration account that comingles funds belonging to one or more customers. The restrictions on concentration accounts were made because such accounts do not provide an effective audit trail for transactions, and this may be used to facilitate money laundering.
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A concentration account is a sole account used for the internal purposes of a financial institution to facilitate the processing and settlement of multiple or individual customer transactions within the institution, usually on the same day. , Federal Financial Institutions Examination Council (FFIEC) Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) Examination Manual Such accounts can lead to the concealment by financial institutions of transactions made by customers. However section 325 of Title III of the USA PATRIOT Act banned their use for such purposes by prohibiting financial institutions from allowing clients to direct transactions that move their funds into, out of, or through the concentration accounts of the financial institution; and prohibit the financial institutions from informing clients about the existence of such accounts and disallows any disclosure that may allow a customer a way of identifying such accounts that the financial institution may use. Section 325 also requires that financial institutions document and follow methods of identifying where the funds are for each customer in a concentration account that comingles funds belonging to one or more customers.
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