Illicit Finance Improvements Act This bill establishes procedures, sets forth penalties, and allows for injunctive relief related to a determination that a financial institution or type of account is of primary money laundering concern in connection with Russian illicit finance. The bill also revises the permitted meeting subjects of Treasury's supervisory team on cooperation between the public and private sectors for purposes of countering illicit finance to include advising on strategies to counter sanctions evasion.
Banking and financial institutions regulationBusiness recordsCivil actions and liabilityEuropeForeign and international bankingFraud offenses and financial crimesFreedom of informationGovernment information and archivesIntelligence activities, surveillance, classified informationJudicial review and appealsRussiaSanctions
Illicit Finance Improvements Act
USA117th CongressHR-6343| House
| Updated: 12/23/2021
Illicit Finance Improvements Act This bill establishes procedures, sets forth penalties, and allows for injunctive relief related to a determination that a financial institution or type of account is of primary money laundering concern in connection with Russian illicit finance. The bill also revises the permitted meeting subjects of Treasury's supervisory team on cooperation between the public and private sectors for purposes of countering illicit finance to include advising on strategies to counter sanctions evasion.
Banking and financial institutions regulationBusiness recordsCivil actions and liabilityEuropeForeign and international bankingFraud offenses and financial crimesFreedom of informationGovernment information and archivesIntelligence activities, surveillance, classified informationJudicial review and appealsRussiaSanctions