International Narcotics Control Improvement Bill
Official: International Financial Access Improvements Act
This bill aims to enhance international efforts to fight money laundering related to drug trafficking by improving reporting and cooperation among countries and U.S. agencies.
1. This bill improves how countries report on efforts to combat money laundering linked to narcotics. 2. It requires countries to provide specific examples of their actions against money laundering. 3. The President must consult with the Secretary of the Treasury on money laundering issues in reports. 4. A separate report on money laundering will be created and shared with Congress. 5. The Secretary of the Treasury will work to make money laundering examinations more consistent across agencies.
Countries working to prevent drug-related money laundering and U.S. financial agencies involved in oversight.