Combatting Money Laundering in Cyber Crime Act of 2025
Sponsored By: Senator Cortez Masto, Catherine [D-NV]
Introduced
Summary
Expands the Secret Service's reach to pursue cyber-enabled money laundering, structured transactions, and related financial crimes. The bill would also extend a FinCEN Exchange lookback from 5 to 10 years, raise a numeric threshold in a North Korea sanctions law from 6 to 10, and require a GAO study on AML for cybercrime.
Show full summary
- Law enforcement and the Secret Service: The agency would gain authority to investigate added offenses, expressly include money laundering and structured transactions, and apply the Title 31 definition of financial institutions so more entities can fall under its jurisdiction.
- Intelligence and oversight: The bill lengthens a FinCEN Exchange period from 5 to 10 years, giving investigators a longer lookback window, and it orders a Government Accountability Office study within 1 year on law enforcement's ability to detect and deter money laundering tied to cybercrime.
- Sanctions enforcement: It raises a numeric threshold in the Otto Warmbier North Korea Nuclear Sanctions and Enforcement Act from 6 to 10, changing a statutory quantity used for that sanctions provision.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Stronger tools against cyber money laundering
If enacted, this bill would let the U.S. Secret Service investigate more financial crimes tied to cybercrime. It would add citation 1960 and explicitly include money laundering and structured transactions. It would remove the phrase "federally insured" and treat "institution" as defined in 31 U.S.C. 5312, so more entities could fall under Secret Service jurisdiction. It would also extend the FinCEN Exchange lookback from 5 years to 10 years, so banks and other firms may need to keep records longer.
Higher North Korea sanctions threshold
If enacted, this bill would raise a numeric trigger in a North Korea sanctions rule from 6 to 10. That would expand when the sanctions authority in section 7125(b) could apply.
Sponsors & CoSponsors
Sponsor
Cortez Masto, Catherine [D-NV]
NV • D
Cosponsors
Sen. Grassley, Chuck [R-IA]
IA • R
Sponsored 4/3/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov