Combatting Money Laundering in Cyber Crime Act of 2025
Summary
What This Bill Does
This bill expands federal cyber-financial-crime tools. It amends 18 U.S.C. 3056(b) so the U.S. Secret Service investigative authority includes 18 U.S.C. 1960 money-transmitting-business offenses and adds money laundering and structured transactions to the listed financial crimes. It also broadens the financial-institution reference by removing the federally insured limitation and using the title 31 financial-institution definition.
The bill extends the FinCEN Exchange by changing its period from 5 years to 10 years. It also extends a North Korea-related international-financial-institution provision in the Otto Warmbier North Korea Nuclear Sanctions and Enforcement Act from 6 years to 10 years. Finally, GAO must study and report within one year to the relevant congressional committees on implementation of section 6102 of the Anti-Money Laundering Act of 2020, focusing on law enforcement's ability to identify and deter money laundering in cybercrimes.
Who Benefits and How
U.S. Secret Service investigators benefit from expanded authority over unlicensed money transmitting, money laundering, structured transactions, and a broader set of financial institutions. FinCEN staff benefit because the FinCEN Exchange continues for 10 years, preserving public-private information sharing. Financial institution compliance officers participating in FinCEN Exchange benefit from continued access to law-enforcement typologies and information-sharing channels. Federal cybercrime investigative agencies benefit from GAO review of AML Act implementation. Congressional banking committee staff benefit from a report on whether law enforcement can identify and deter cybercrime money laundering.
Who Bears the Burden and How
Unlicensed money transmitter compliance staff face increased Secret Service investigative risk. Money-laundering suspects using cybercrime proceeds face broader federal enforcement exposure. Non-federally insured bank compliance officers may face more inquiries because the bill removes the federally insured limitation. GAO auditors must conduct the implementation study and submit the report within one year. North Korea sanctions evasion networks face longer pressure through the extended international-financial-institution restriction.
Key Provisions
- Adds 18 U.S.C. 1960 money-transmitting-business offenses to Secret Service investigative authority.
- Adds money laundering and structured transactions to the covered financial-crime language.
- Expands the financial-institution reference beyond federally insured institutions.
- Extends the FinCEN Exchange from 5 years to 10 years.
- Extends a North Korea international-financial-institution provision from 6 years to 10 years.
- Requires a GAO report on AML Act implementation for identifying and deterring cybercrime money laundering.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Expands U.S. Secret Service authority over money-transmission and money-laundering-related cybercrime, extends the FinCEN Exchange and a North Korea international-financial-institution restriction from 5 or 6 years to 10 years, and requires GAO to report on Anti-Money Laundering Act implementation for cybercrime enforcement.
Key Policy Areas
Financial Crime, Cybercrime, Anti-Money Laundering, Sanctions
Primary Purpose
Expands U.S. Secret Service authority over money-transmission and money-laundering-related cybercrime, extends the FinCEN Exchange and a North Korea international-financial-institution restriction from 5 or 6 years to 10 years, and requires GAO to report on Anti-Money Laundering Act implementation for cybercrime enforcement.
Policy Domains
House resolution provisions
Identified Gains
- U.S. Secret Service investigators
- FinCEN staff
- Financial institution compliance officers
- Federal cybercrime investigative agencies
- Congressional banking committee staff
Identified Costs
- Unlicensed money transmitter compliance staff
- Money-laundering suspects
- Non-federally insured bank compliance officers
- GAO auditors
- North Korea sanctions evasion networks
Sponsors
Legislative Progress
ReportedPlaced on the Union Calendar, Calendar No. 530.
Committee on the Judiciary discharged.
Reported (Amended) by the Committee on Financial Services. H. Rept. …
Reported (Amended) by the Committee on Financial Services. H. Rept. …
Reported from the Committee on Financial Services with an amendment
Ordered to be Reported (Amended) by the Yeas and Nays: …
Committee Consideration and Mark-up Session Held
Mr. Fitzgerald (for himself, Ms. Pettersen, Mr. Nunn of Iowa, …
Referred to the Committee on Financial Services, and in addition …
Introduced in House
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Federal cybercrime investigators, Federal financial-crime investigators, FinCEN Exchange staff
Positive-direction: Federal cybercrime investigators, Federal financial-crime investigators, House Financial Services Committee, Senate Banking Committee, U.S. Secret Service investigators
Negative-direction: FinCEN Exchange staff, GAO auditors, Treasury sanctions policy staff
Financial institutions in FinCEN Exchange, Money-laundering suspects, Non-federally insured bank compliance officers
Positive-direction: Financial institutions in FinCEN Exchange
Negative-direction: Money-laundering suspects, Non-federally insured bank compliance officers, North Korea sanctions evasion networks, U.S. representatives at international financial institutions, Unlicensed money transmitter compliance staff
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "gao"
- → Government Accountability Office
- "fincen"
- → Financial Crimes Enforcement Network
- "secret_service"
- → United States Secret Service
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology