| Bill | S 3697 |
|---|---|
| Type of Legislation | Senate Bill |
| Congress | 117 |
| Status | Archived — 117th Congress concluded |
| Source | View original on Congress.gov |
Geographic Scope
National
Description
Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2022
This bill makes changes to anti-money laundering requirements under federal criminal and banking laws.
Among the changes, the bill
- specifies that a blank check that is drawn on an account containing more than $10,000 and that is possessed by the bearer to avoid reporting requirements is a monetary instrument subject to international transport reporting requirements,
- increases the maximum criminal penalties for bulk cash smuggling, and
- permits the government to charge a defendant with a single count of money laundering for multiple violations that are part of the same scheme or continuing course of conduct.
Bill Title
Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2022
Linked Goals
Steps
- 2022-02-17: Read twice and referred to the Committee on the Judiciary.
- 2022-02-17: Introduced in Senate
Projected Outcome
A more informed proposal or public response aligned with the Promote General Welfare goal.