Section 1 Short title
This Act may be cited as the “Combating Money Laundering in Cyber Crime Act of 2024”.
Combating Money Laundering in Cyber Crime Act of 2024
A BILL
To expand the investigative authorities of the United States Secret Service, and for other purposes.
Sec. 2 Expansion of United States Secret Services investigative authorities
Section 3056(b) of title 18, United States Code, is amended—
in paragraph (1), by striking “or 879” and inserting “879, or 1960”; and
in paragraph (2), by striking “or” at the end;
in paragraph (3)—
by striking “federally insured”;
by inserting “(as such term is defined in section 5312 of title 31)” after “institution”; and
by striking the period at the end and inserting “; or”; and
by adding at the end the following:
“(4) section 5324 of title 31, except that the authority conferred by this paragraph shall be exercised subject to the agreement of the Attorney General and the Secretary of Homeland Security and shall not affect the authority of any other Federal law enforcement agency with respect to those laws.”
Sec. 3 FinCEN Exchange
Section 310(d)(3)(A) of title 31, United States Code, is amended by striking “next 5 years” and inserting “next 10 years”.
Sec. 4 International financial institutions
Section 7125(b) of division F of the National Defense Authorization Act for Fiscal Year 2020 (22 U.S.C. 262p-13 note; Public Law 116–92) is amended by striking “6” and inserting “10”.