This bill amends the International Financial Institutions Act to require: (1) the Department of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund (IMF) to support the use of the IMF's administrative budget for technical assistance that strengthens the capacity of IMF members to prevent money laundering and terrorism financing, and (2) the National Advisory Council on International Monetary and Financial Policies to report on the effectiveness of such assistance and on the efficacy of U.S. efforts to achieve this goal.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Introduced in House
Referred to the House Committee on Financial Services.
International Affairs
Advisory bodiesCongressional oversightFraud offenses and financial crimesInternational monetary system and foreign exchangeMultilateral development programsTerrorism
To support the capacity of the International Monetary Fund to prevent money laundering and financing of terrorism.
USA115th CongressHR-6872| House
| Updated: 9/25/2018
This bill amends the International Financial Institutions Act to require: (1) the Department of the Treasury to instruct the U.S. Executive Director at the International Monetary Fund (IMF) to support the use of the IMF's administrative budget for technical assistance that strengthens the capacity of IMF members to prevent money laundering and terrorism financing, and (2) the National Advisory Council on International Monetary and Financial Policies to report on the effectiveness of such assistance and on the efficacy of U.S. efforts to achieve this goal.
Advisory bodiesCongressional oversightFraud offenses and financial crimesInternational monetary system and foreign exchangeMultilateral development programsTerrorism