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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2021-12-23 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2021-12-23 | IntroReferral | Introduced in House | Library of Congress |