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§596.304. Financial transaction.

31 C.F.R. § 596.304

The term financial transaction shall have the meaning set forth in 18 U.S.C. 1956(c)(4), as from time to time amended. As of the effective date, this term includes:
(a)
A transaction which in any way or degree affects interstate or foreign commerce;
(1)
Involving the movement of funds by wire or other means; or
(2)
Involving one or more monetary instruments; or
(3)
Involving the transfer of title to any real property, vehicle, vessel, or aircraft; or
(b)
A transaction involving the use of a financial institution which is engaged in, or the activities of which affect, interstate or foreign commerce in any way or degree.
Notes, amendments, and revision history

Authority

Authority: 18 U.S.C. 2332d; 22 U.S.C. 7201-7211; 31 U.S.C. 321(b).

Source

Source: 61 FR 43463, Aug. 23, 1996, unless otherwise noted.