# 31 CFR § 1010.505: Definitions

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.505

## Section

- **Citation:** 31 CFR § 1010.505
- **Heading:** Definitions
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 31—Money and Finance: Treasury > Subtitle B—Regulations Relating to Money and Finance > CHAPTER X—FINANCIAL CRIMES ENFORCEMENT NETWORK, DEPARTMENT OF THE TREASURY > PART 1010—GENERAL PROVISIONS > Subpart E—Special Information Sharing Procedures To Deter Money Laundering and Terrorist Activity

## Text

For purposes of this subpart E, the following definitions apply:
(a) Account means a formal banking or business relationship established to provide regular services, dealings, and other financial transactions, and includes, but is not limited to, a demand deposit, savings deposit, or other transaction or asset account and a credit account or other extension of credit.
(b) Money laundering means an activity criminalized by 18 U.S.C. 1956 or 1957, or an activity that would be criminalized by 18 U.S.C. 1956 or 1957 if it occurred in the United States.
(c) Terrorist activity means an act of domestic terrorism or international terrorism as those terms are defined in 18 U.S.C. 2331.
(d) Transaction. (1) Except as provided in paragraph (d)(2) of this section, the term “transaction” shall have the same meaning as provided in § 1010.100(bbb).
(2) For purposes of § 1010.520, a transaction shall not mean any transaction conducted through an account.

## Nearby sections

- [31 CFR § 1010.100 § 1010.100 General definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.100.md)
- [31 CFR § 1010.200 § 1010.200 General.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.200.md)
- [31 CFR § 1010.205 § 1010.205 Exempted anti-money laundering programs for certain financial institutions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.205.md)
- [31 CFR § 1010.210 § 1010.210 Anti-money laundering programs.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.210.md)
- [31 CFR § 1010.220 § 1010.220 Customer identification program requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.220.md)
- [31 CFR § 1010.230 § 1010.230 Beneficial ownership requirements for legal entity customers.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.230.md)
- [31 CFR § 1010.300 § 1010.300 General.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.300.md)
- [31 CFR § 1010.301 § 1010.301 Determination by the Secretary.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.301.md)
- [31 CFR § 1010.306 § 1010.306 Filing of reports.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.306.md)
- [31 CFR § 1010.310 § 1010.310 Reports of transactions in currency.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.310.md)
- [31 CFR § 1010.311 § 1010.311 Filing obligations for reports of transactions in currency.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.311.md)
- [31 CFR § 1010.312 § 1010.312 Identification required.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.312.md)
- [31 CFR § 1010.313 § 1010.313 Aggregation.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.313.md)
- [31 CFR § 1010.314 § 1010.314 Structured transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.314.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.505. Check the current official text before relying on it. Not legal advice.