S. 1883 · 116th Congress
Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2019
- Stage
- Reported from committee
- Sponsor
- Chuck Grassley
- Introduced
- 2019-06-18
- Latest action
- 2019-07-23 · Committee on the Judiciary. Reported by Senator Graham with an amendment in the nature of a substitute. Without written report.
Summary
Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2019
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 drawn on an account containing more than $10,000 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.