Combatting Money Laundering in Cyber Crime Act of 2025
Sponsored By: Representative Fitzgerald
In Committee
Summary
Expands Secret Service authority to investigate money laundering tied to digital assets and cybercrime. The bill would widen federal investigative tools, lengthen FinCEN's record look-back, adjust an international sanctions threshold, and mandate a GAO study on cyber-related money laundering.
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- Law enforcement: The United States Secret Service would be able to investigate a broader set of offenses involving digital-asset flows by adding 18 U.S.C. 1960 as a predicate and by explicitly covering money laundering and structured transactions.
- Financial sector and intelligence sharing: The FinCEN Exchange look-back window would extend from 5 years to 10 years, and the bill clarifies which businesses count as financial institutions by referencing the definition in 31 U.S.C. 5312 and removing the "federally insured" qualifier.
- Oversight and sanctions: The bill raises a numeric threshold in the Otto Warmbier North Korea sanctions statute from 6 to 10, and it would require the Government Accountability Office to deliver a study within 1 year on law enforcement's ability to identify and deter money laundering in cybercrime.
*Net effect: would strengthen federal investigative reach and oversight over cyber-linked money laundering and digital-asset flows.*
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Broader Secret Service investigations
This bill would broaden the U.S. Secret Service's authority to investigate cybercrime and digital-asset offenses. It would add unlicensed money transmitting businesses as a listed offense and allow agents to investigate money laundering and structured transactions. It would also treat more kinds of financial institutions as subject to investigation by using the definition in section 5312 of title 31. These changes would take effect upon enactment.
Longer record window, higher sanctions number
This bill would change two numeric rules that affect financial firms and enforcement. It would lengthen the FinCEN Exchange look-back or record-retention window from 5 years to 10 years. That would give law enforcement a longer historical window to use in investigations, and it would require banks and other firms to keep records for 10 years. The bill would also change a sanctions-related number in the Otto Warmbier law from 6 to 10. These changes would take effect upon enactment.
Sponsors & CoSponsors
Sponsor
Fitzgerald
WI • R
Cosponsors
Pettersen
CO • D
Sponsored 10/31/2025
Nunn (IA)
IA • R
Sponsored 10/31/2025
Sherman
CA • D
Sponsored 10/31/2025
Roll Call Votes
No roll call votes available for this bill.
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