[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR596.304]



[Page 477]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 596_TERRORISM LIST GOVERNMENTS SANCTIONS REGULATIONS--Table of 

Contents

 

                      Subpart C_General Definitions

 

Sec. 596.304  Financial transaction.



    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.