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Illicit Finance Improvements Act

USA117th CongressHR-6343| House 
| Updated: 12/23/2021
Stephen F. Lynch

Stephen F. Lynch

Democratic Representative

Massachusetts

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Dec 23, 2021
Introduced in House
Dec 23, 2021
Referred to the House Committee on Financial Services.
  • December 23, 2021
    Introduced in House


  • December 23, 2021
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • HR 117-4350: National Defense Authorization Act for Fiscal Year 2022
  • S 117-1605: National Defense Authorization Act for Fiscal Year 2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 23, 2021
Introduced in House
Dec 23, 2021
Referred to the House Committee on Financial Services.
  • December 23, 2021
    Introduced in House


  • December 23, 2021
    Referred to the House Committee on Financial Services.
Stephen F. Lynch

Stephen F. Lynch

Democratic Representative

Massachusetts

Financial Services Committee

Finance and Financial Sector

Related Bills

  • HR 117-4350: National Defense Authorization Act for Fiscal Year 2022
  • S 117-1605: National Defense Authorization Act for Fiscal Year 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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