End Banking for Human Traffickers Act of 2017 This bill amends the Victims of Trafficking and Violence Protection Act of 2000 to add the Secretary of the Treasury as a member of the President's Interagency Task Force to Monitor and Combat Trafficking. The task force must submit to Congress recommendations for the revision of anti-money laundering programs to specifically target money laundering related to human trafficking. The Federal Financial Institutions Examination Council must review and enhance, where necessary: (1) training and procedures to improve the ability of anti-money laundering programs to target human trafficking operations, and (2) procedures for referring potential human trafficking cases to the appropriate law enforcement agency. The Department of Justice must report on: (1) efforts to eliminate money laundering related to human trafficking; and (2) the number of investigations, arrests, indictments, and convictions in money laundering cases related to human trafficking.
Banking and financial institutions regulationCongressional oversightCrime victimsCriminal investigation, prosecution, interrogationCriminal justice information and recordsDepartment of the TreasuryExecutive agency funding and structureFederal officialsFraud offenses and financial crimesHuman traffickingInternational organizations and cooperationSex offenses
A bill to increase the role of the financial industry in combating human trafficking.
USA115th CongressS-952| Senate
| Updated: 4/26/2017
End Banking for Human Traffickers Act of 2017 This bill amends the Victims of Trafficking and Violence Protection Act of 2000 to add the Secretary of the Treasury as a member of the President's Interagency Task Force to Monitor and Combat Trafficking. The task force must submit to Congress recommendations for the revision of anti-money laundering programs to specifically target money laundering related to human trafficking. The Federal Financial Institutions Examination Council must review and enhance, where necessary: (1) training and procedures to improve the ability of anti-money laundering programs to target human trafficking operations, and (2) procedures for referring potential human trafficking cases to the appropriate law enforcement agency. The Department of Justice must report on: (1) efforts to eliminate money laundering related to human trafficking; and (2) the number of investigations, arrests, indictments, and convictions in money laundering cases related to human trafficking.
Banking and financial institutions regulationCongressional oversightCrime victimsCriminal investigation, prosecution, interrogationCriminal justice information and recordsDepartment of the TreasuryExecutive agency funding and structureFederal officialsFraud offenses and financial crimesHuman traffickingInternational organizations and cooperationSex offenses