H. Res. 206 (Engrossed in House) — Acknowledging that the lack of sunlight and transparency in financial transactions poses a threat to our national security and our economy’s security and supporting efforts to close related loopholes.

That the House of Representatives—

(1)

acknowledges that the lack of sunlight and transparency in financial transactions poses a threat to our national security and our economy’s security;

(2)

supports efforts to close loopholes that allow corruption, terrorism, and money laundering to infiltrate our country’s financial system;

(3)

encourages transparency to detect, deter, and interdict individuals, entities, and networks engaged in money laundering and other financial crimes;

(4)

urges financial institutions to comply with the Bank Secrecy Act and anti-money laundering laws and regulations; and

(5)

affirms that financial institutions and individuals should be held accountable for money laundering and terror financing crimes and violations.

Lineage

Mar 13, 2019viewing Engrossed in House See what changed

Mar 8, 2019 Introduced in House Ms. Waters submitted the following resolution; which was referred to the Committee on Financial Services

Acknowledging that the lack of sunlight and transparency in financial transactions poses a threat to our national security and our economy’s security and supporting efforts to close related loopholes.