### Question
What is the definition of covered financial institution?


### Answer
The definition of **covered financial institution** is as follows in *31 U.S.C. § 5318*:

> an institution referred to in subsection (j)(1)

#### Citation:
  - *31 U.S.C. § 5318*
  - Heading: **SUBTITLE IV-MONEY > CHAPTER 53-MONETARY TRANSACTIONS > SUBCHAPTER II-RECORDS AND REPORTS ON MONETARY INSTRUMENTS TRANSACTIONS**

