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 section 1010.100(bbb).
(2) For purposes of section 1010.520, a
transaction shall not mean any transaction conducted through an account.
