§2361 Treatment of transnational criminal organizations in suspicious transactions reports of the Financial Crimes Enforcement Network

Summary

The Director of the Financial Crimes Enforcement Network (FinCEN) must, within 180 days after April 24, 2024, give guidance to U.S. banks and other financial firms on how to file suspicious-activity reports under 31 CFR 1010.320 when transactions may be linked to fentanyl trafficking by transnational criminal organizations. The Director must also give priority to studying those reports when they seem connected to trafficking of fentanyl or related synthetic opioids, or to the financing of suspected transnational criminal groups.