---
kind: "section"
citation: "31 C.F.R. § 596.304"
title: "31"
number: "596.304"
heading: "Financial transaction."
url: "https://uscodex.org/cfr/31/596.304"
---

# §596.304. Financial transaction.


The term financial transaction shall have the meaning set forth in [18 U.S.C. 1956(c)(4)](/usc/18/1956.md?p=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

### 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.