### Question
How does the law define financial transaction?


### Answer
Under *22 U.S.C. § 8701*, **financial transaction** is defined as:

> any transfer of value involving a financial institution, including the transfer of forwards, futures, options, swaps, or precious metals, including gold, silver, platinum, and palladium

#### Citation:
  - *22 U.S.C. § 8701*
  - Heading: **CHAPTER 94-IRAN THREAT REDUCTION AND SYRIA HUMAN RIGHTS**

