Bill > HR6829

This bill, titled the "International Financial Access Improvements Act," aims to enhance the International Narcotics Control Strategy Report by requiring countries to provide more detailed information on their efforts to combat narcotics-related money laundering. Specifically, it mandates the inclusion of examples of improvements countries have made in adopting laws and regulations to prevent money laundering, taking enforcement actions like prosecutions and asset seizures, improving their standing in international financial crime evaluations, and participating in initiatives to prevent narcotics-related money laundering. The bill also requires the President to consult with the Secretary of the Treasury on money laundering aspects of the report and to submit a separate volume on this topic to relevant House and Senate committees. Furthermore, it directs the Secretary of the Treasury to consult with banking agencies and advisory groups to ensure consistency in Bank Secrecy Act (BSA) examinations, which are regulations designed to prevent financial crimes, and to report on the steps being taken to achieve this consistency.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/6829/all-info