HR 5877
Combatting Money Laundering in Cyber Crime Act of 2025
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Bill overview
This bill aims to strengthen the U.S. Secret Service’s ability to investigate crimes related to digital assets and cybercriminal activity. It expands the Secret Service’s investigative authority to include money laundering and structured transactions, extends reporting requirements for the FinCEN Exchange, and directs the International Monetary Fund to support efforts to combat money laundering and terrorism financing. The bill also requires the Government Accountability Office to assess the effectiveness of information sharing with tribal authorities related to anti-money laundering efforts.
Key provisions
- Expands the U.S. Secret Service’s authority to investigate money laundering and structured transactions.
- Extends the reporting period for the FinCEN Exchange to 10 years.
- Directs the International Monetary Fund to increase its budget support for anti-money laundering efforts.
- Requires the Government Accountability Office to study the implementation of the Anti-Money Laundering Act of 2020 regarding information sharing with tribal authorities.
- Focuses the GAO study on evaluating law enforcement’s ability to deter money laundering in cybercrimes.
Who is affected
- U.S. Secret Service
- Financial Crimes Enforcement Network (FinCEN)
- International Monetary Fund
- Tribal Authorities
- Cybercriminals
Notable changes
- Increases the reporting period for the FinCEN Exchange from 5 to 10 years.
- Authorizes the Secret Service to investigate money laundering and structured transactions.
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119th CONGRESS — 1st Session
H. R. 5877
IN THE HOUSE OF REPRESENTATIVES
A BILL
To strengthen the authority of the United States Secret Service to investigate various crimes related to digital asset transactions and to counter transnational cyber criminal activity, including unlicensed money transmitting businesses, structured transactions, and fraud against financial institutions, and for other purposes.
This Act may be cited as the Combatting Money Laundering in Cyber Crime Act of 2025
.
Section 3056(b) of title 18, United States Code, is amended—
in paragraph (1), by striking or
after 871
and inserting , or 1960
after 879
; and
in paragraph (3)—
by inserting money laundering, structured transactions,
after documents or devices,
;
by striking federally insured
; and
by inserting , as defined in section 5312 of title 31
after institution
.
Section 310(d)(3)(A) of title 31, United States Code, is amended, in the matter preceding clause (i), by striking 5 years
and inserting 10 years
.
Section 7125(b) of the Otto Warmbier North Korea Nuclear Sanctions and Enforcement Act of 2019 (22 U.S.C. 262p–13 note) is amended by striking 6
and inserting 10
.
Not later than 1 year after the date of enactment of this Act, the Government Accountability Office shall conduct a study and submit to the appropriate committees of Congress a report on the implementation of section 6102 of the Anti-Money Laundering Act of 2020 (title LXI of division F of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (Public Law 116–283; 134 Stat. 4552)).