31 CFR § 596.304 - Financial transaction.
---
identifier: "/us/cfr/t31/s596.304"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 596.304 - Financial transaction."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "596.304"
section_name: "Financial transaction."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "596"
part_name: "TERRORISM LIST GOVERNMENTS SANCTIONS REGULATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "18 U.S.C. 2332d; 22 U.S.C. 7201-7211; 31 U.S.C. 321(b)."
regulatory_source: "61 FR 43463, Aug. 23, 1996, unless otherwise noted."
cfr_part: "596"
---
# 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.