Cooperate with Law Enforcement Agencies and Watch Act of 2018
Floor Speech
Issues: Finance and Banking Criminal Justice
Mr. Speaker, this bill would strengthen cooperation between financial institutions and law enforcement to better combat terrorism and financial crime by providing a narrow safe harbor from BSA/AML--that is Bank Secrecy Act and Anti-Money Laundering, that is the acronym-- scrutiny of financial institutions that keep a customer account open at the written request of Federal and State law enforcement.
This cooperation will enable law enforcement agencies to follow the money in the bank accounts of terrorists, human traffickers, corrupt officials, and those involved in organized crime.
We support this. This is a commonsense, bipartisan bill, and I urge support.
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