{"data":{"id":"us/31-cfr-566.309","jurisdiction":"us","citation":"31 CFR 566.309","heading":"Foreign financial institution.","body":"(a) The term foreign financial institution means:\n(1) A foreign bank;\n(2) Any branch or office located outside the United States of a covered financial institution, as defined in § 566.303;\n(3) Any other person organized under foreign law (other than a branch or office of such person in the United States) that, if it were located in the United States, would be a covered financial institution, as defined in § 566.303; and\n(4) Any person organized under foreign law (other than a branch or office of such person in the United States) that is engaged in the business of, and is readily identifiable as, a dealer in foreign exchange or a money transmitter.\n(b) For purposes of paragraph (a)(4) of this section, a person is not “engaged in the business” of a dealer in foreign exchange or a money transmitter if such transactions are merely incidental to the person's business.","path":["Title 31—Money and Finance: Treasury","Subtitle B—Regulations Relating to Money and Finance","CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY","PART 566—HIZBALLAH FINANCIAL SANCTIONS REGULATIONS","Subpart C—General Definitions"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-31.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:25Z","sha256":"9200123e210f4aeabd59b12351b53a83ed38b709d904c4ebc8a2f66a97ba562e","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-566.308","next":"us/31-cfr-566.310"},"notice":"GroundRules: Original legal text. Not legal advice."}