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.
If you care about fighting drug-related crime, this bill could strengthen international efforts to track and stop money laundering.
Who this affects
Countries preventing money laundering · U.S. financial agencies
What changes is this bill making?
1This bill improves how countries report on efforts to combat money laundering linked to narcotics.
2It requires countries to provide specific examples of their actions against money laundering.
3The President must consult with the Secretary of the Treasury on money laundering issues in reports.
4A separate report on money laundering will be created and shared with Congress.
5The Secretary of the Treasury will work to make money laundering examinations more consistent across agencies.
