3.0.0 1241 2023-01-11T13:36:23Z 2023-01-11T13:36:23Z Senate S 2017-05-25 115 ssju00 Judiciary Committee Senate Standing Hearings by 2017-11-28T15:00:00Z Referred to 2017-05-25T16:03:50Z 2017-11-28 ssju00 Judiciary Committee Senate Committee on the Judiciary. Hearings held. Committee 2017-05-25 ssju00 Judiciary Committee Senate Read twice and referred to the Committee on the Judiciary. IntroReferral 2017-05-25 Introduced in Senate IntroReferral 10000 9 Library of Congress G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. N F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2017-05-25 True C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2017-05-25 True W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2017-05-25 True H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2017-09-18 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2017-09-18 False Crime and Law Enforcement Bank accounts, deposits, capital Business records Congressional oversight Consumer credit Criminal investigation, prosecution, interrogation Criminal procedure and sentencing Currency Customs enforcement Department of Homeland Security Foreign and international banking Fraud offenses and financial crimes Government employee pay, benefits, personnel management Government studies and investigations Law enforcement officers Smuggling and trafficking Tax administration and collection, taxpayers Crime and Law Enforcement 00 2017-05-25 Introduced in Senate 2018-02-21T21:17:11Z Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017

This bill modifies various prohibitions on money laundering. It requires that for certain reporting requirements, a blank check shall be considered to have a value of more than $10,000 if it was drawn on an account that contained more than $10,000.

Whoever violates a currency smuggling law is subject to fines, which may be enhanced in aggravated cases.

Commingled funds and aggregated transactions can be counted towards the value requirement for offenses involving prohibited monetary transactions derived from specified unlawful activity.

Persons who conspire to violate the prohibition against unlicensed money services businesses shall be subject to the same penalty as the underlying offense.

This bill establishes various criminal offenses pertaining to money services businesses.

It shall be a federal offense to conduct certain financial transactions that involve the proceeds of specified unlawful activity.

If a person is charged with an offense under the federal criminal code, title 31, or the Controlled Substances Act for which forfeiture is authorized, the government may apply for an ex parte order freezing the person's bank accounts.

The international money laundering statute shall apply to tax evasion.

The Department of the Treasury or the Department of Justice may issue a subpoena to any foreign bank that maintains a correspondent account in the United States.

The bill makes it unlawful to knowingly conceal to a financial institution a material fact concerning the ownership of an account with a financial institution.

]]> Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 Display Title Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 Official Title as Introduced A bill to improve the prohibitions on money laundering, and for other purposes. Introduced in Senate IS Short Titles as Introduced Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 Introduced in Senate 2017-05-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1241is/xml/BILLS-115s1241is.xml 2017-11-28 Committee on the Judiciary. Hearings held. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.