Title 31, Money and FinanceRelease 119-110

§5354 Grants for Fighting Money Laundering and Related Financial Crimes

Title 31 › SUBTITLE IV — MONEY › CHAPTER 53 — MONETARY TRANSACTIONS › SUBCHAPTER III — MONEY LAUNDERING AND RELATED FINANCIAL CRIMES › Part 2 — Financial Crime-Free Communities Support Program › § 5354

Last updated Sep 22, 2026|Official source

Summary

Secretary may award grants to state or local agencies or prosecutors to investigate and prosecute money laundering and related crimes in high‑risk areas after 1 year from when the first national strategy under section 5341 is submitted to Congress. Secretary must prefer applications from two or more cooperating state or local agencies with history of federal, State, and local cooperation.

Full Legal Text

Title 31, §5354

Money and Finance, Source: USLM XML via OLRC

(a)In General.—

After the end of the 1-year period beginning on the date the first national strategy for combating money laundering and related financial crimes is submitted to the Congress in accordance with section 5341, and subject to subsection (b), the Secretary may review, select, and award grants for State or local law enforcement agencies and prosecutors to provide funding necessary to investigate and prosecute money laundering and related financial crimes in high-risk money laundering and related financial crime areas.

(b)Special Preference.—

Special preference shall be given to applications submitted to the Secretary which demonstrate collaborative efforts of two or more State and local law enforcement agencies or prosecutors who have a history of Federal, State, and local cooperative law enforcement and prosecutorial efforts in responding to such criminal activity.

Reference

Citations & Metadata

Citation

31 U.S.C. § 5354

Title 31, Money and Finance

Last Updated

Sep 22, 2026

Release point: 119-110