Monetary Transaction Law and Legal Definition
The term "monetary transaction" means the deposit, withdrawal, transfer, or exchange, in or affecting interstate or foreign commerce, of funds or a monetary instrument by, through, or to a financial institution, including any transaction that would be a financial transaction under 18 USCS § 1956(c)(4)(B), but such term does not include any transaction necessary to preserve a person's right to representation as guaranteed by the sixth amendment to the Constitution. 18 USCS § 1957. United States v. Almaguer, 246 Fed. Appx. 260, 263 (5th Cir. Tex. 2007).
Legal Definition list
Related Legal Terms
- ABC Transaction [Oil & Gas]
- Accommodative Monetary Policy
- Agency Transaction (Securities)
- Alternative Mortgage Transaction [Banks & Banking]
- Arms Length Transaction
- Asset Exchange or Conversion Transaction
- Automated Transaction
- Basket Transactions
- Bona Fide Hedging Transactions and Positions
- Civil Monetary Penalty
