Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2019

United States116th CongressS-1883Senate
Updated: Jul 23, 2019

Summary

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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Timeline

  1. Introduced in Senate

  2. Committee on the Judiciary. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Senate

  3. Placed on Senate Legislative Calendar under General Orders. Calendar No. 160.

    Senate

  4. Committee on the Judiciary. Reported by Senator Graham with an amendment in the nature of a substitute. Without written report.

    Senate