HR 7156
Combating Money Laundering in Cyber Crime Act of 2024
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Bill overview
This bill, the Combating Money Laundering in Cyber Crime Act of 2024, aims to strengthen the ability of the United States Secret Service to investigate cybercrime and money laundering related to it. Specifically, it expands the Secret Service’s investigative powers, alters the timeframe for FinCEN’s reporting requirements, and adjusts provisions related to international financial institutions. The changes are intended to better combat illicit financial activities facilitated through cyber networks.
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