Remittances and Money Laundering Risk Assessment Act of 2019

Remittances and Money Laundering Risk Assessment Act of 2019 This bill requires the Department of the Treasury to assess and develop a strategy to prevent the use of remittances by certain individuals and crime syndicates for purposes of financing terrorism, narcotics trafficking, human trafficking, money laundering, and other forms of illicit financing. (Remittances are transfers of money and capital sent by migrants and foreign immigrant communities to their home countries.)