; and (B) if necessary, terminate the account. (c) Recordkeeping and reporting (1) In general A covered financial institution shall document its compliance with the notice requirement set forth in subsection (b)(2)(A). (2) Rule of construction Nothing in this section shall require a covered financial institution to report any information not otherwise required to be reported by law or regulation. (d) Termination This section shall terminate on the date that is 30 days after the date on which the President submits to Congress— (1) the certification described in section 401(a) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 ( 22 U.S.C. 8551(a) ); and (2) a certification that the Financial Action Task Force has lifted its call for countermeasures against Iran and Iran has become a member of a regional body of the Financial Action Task Force. (e) Definitions In this section: (1) Correspondent account The term correspondent account has the meaning given that term in section 1010.605 of title 31, Code of Federal Regulations (as in effect on the day before the date of the enactment of this Act). (2) Covered financial institution The term covered financial institution has the meaning given that term under paragraphs (1) and (2) of section 1010.605(e) of title 31, Code of Federal Regulations (as in effect on the day before the date of the enactment of this Act). (3) Foreign bank The term foreign bank has the meaning given that term in section 1010.100(u) of title 31, Code of Federal Regulations (as in effect on the day before the date of the enactment of this Act). (4) Iranian banking institution The term Iranian banking institution means— (A) any foreign bank chartered by Iran, including— (i) any branches, offices, or subsidiaries of such a bank operating in any jurisdiction; and (ii) any branch or office within Iran of any foreign bank licensed by Iran; (B) the Central Bank of Iran