S. 3697 · 117th Congress
Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2022
- Stage
- In committee
- Sponsor
- Chuck Grassley
- Introduced
- 2022-02-17
- Latest action
- 2022-02-17 · Introduced in Senate
Summary
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.