Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2019 2019-07-23 Reported to Senate 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.
]]> 2019-06-18 Introduced in Senate 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.
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