Meaning of DUAL BANKING SYSTEM in English

DUAL BANKING SYSTEM

Systems peculiar to the United States, in which there are two distinct regulatory systems: state and federal. Banks are regulated according to the system under which they are chartered.

UNODC Money-Laundering terms English dictionary.      Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам.