A longtime congressional advocate of tough financial crime laws will soon use his new Senate chairmanship to push a measure that would expand the U.S. list of specified unlawful activities. Senate Judiciary Committee Chairman Chuck Grassley (R-IA) plans to reintroduce the Combating Money Laundering, Terrorist Financing and Counterfeiting Act, a bill he last proposed in 2011 while serving as the committee's ranking member, according to multiple sources. As chairman, Grassley has far greater political clout to advance the legislation to a floor vote. The long-dormant measure is one of Grassley's top priorities as chairman, according to a congressional staffer who...
The head of a powerful Senate panel introduced legislation Thursday that would empower law enforcement to seize undeclared prepaid value at U.S. borders and enable federal prosecutors to charge suspected income tax evaders with money laundering.
The U.S. Treasury Department has failed to answer congressional inquiries concerning allegedly questionable hiring practices by the nation's financial intelligence unit, a Republican lawmaker said Tuesday.
U.S. lawmakers Thursday criticized federal officials for delays in finalizing anti-money laundering rules and failing to prosecute banks and bankers that facilitate billions of dollars in illicit transactions.