Remittances and Money Laundering Risk Assessment Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jul 17, 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.)
What just happenedJul 17, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateJul 17, 2019
- Jul 17, 2019IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Jul 17, 2019IntroReferral10000
Introduced in Senate