,in the ,senate of the ,united ,states1 ,december #aj 7legislative day1 ,december #i71 #bjaf4 ,amendment3 ,that the bill from the ,house of ,representatives 7,h4,r4 #efjb7 entitled ,an ,act to amend title #ca1 ,united ,states ,code1 to authorize the ,secretary of the ,treasury to include all funds when issuing certain geographic targeting orders1 and for other purposes41 do pass with the following ,strike all after the enacting clause and insert the following3 ,i ,enhancing antiterrorism tools of the ,department of the ,treasury #aja4 ,inclusion of all funds 7a7 ,in general ,section #ecbf of title #ca1 ,united ,states ,code1 is amended-- 7#a7 in the heading of such section1 by striking coin and currency2 7#b7 in subsection 7a7-- 7,a7 by striking subtitle and and inserting subtitle or to2 and 7,b7 in paragraph 7#a77;,a71 by striking ,united ,states coins or currency 7or such other monetary instruments as the ,secretary may describe in such order7 and inserting funds 7as the ,secretary may describe in such order712 and 7#c7 in subsection 7b7-- 7,a7 in paragraph 7#a77;,a71 by striking coins or currency 7or monetary instruments7 and inserting funds2 and 7,b7 in paragraph 7#b71 by striking coins or currency 7or such other monetary instruments as the ,secretary may describe in the regulation or order7 and inserting funds 7as the ,secretary may describe in the regulation or order74 7b7 ,clerical amendment ,the table of contents for chapter #ec of title #ca1 ,united ,states ,code1 is amended in the item relating to section #ecbf by striking coin and currency4 #ajb4 ,improving antiterror finance monitoring of funds transfers 7a7 ,study 7#a7 ,in general ,to improve the ability of the ,department of the ,treasury to better track cross-border fund transfers and identify potential financing of terrorist or other forms of illicit finance1 the ,secretary shall carry out a study to assess-- 7,a7 the potential efficacy of requiring banking regulators to establish a pilot program to provide technical assistance to depository institutions and credit unions that wish to provide account services to money services businesses serving individuals in ,somalia2 7,b7 whether such a pilot program could be a model for improving the ability of ,united ,states persons to make legitimate funds transfers through transparent and easily monitored channels while preserving strict compliance with the ,bank ,secrecy ,act 7,public ,law #ia-ejh2 #hd ,stat4 #aaad7 and related controls aimed at stopping money laundering and the financing of terrorism2 and 7,c7 consistent with current legal requirements regarding confidential supervisory information1 the potential impact of allowing money services businesses to share certain ,state examination information with depository institutions and credit unions1 or whether another appropriate mechanism could be identified to allow a similar exchange of information to give the depository institutions and credit unions a better understanding of whether an individual money services business is adequately meeting its anti-money laundering and counter-terror financing obligations to combat money laundering1 the financing of terror1 or related illicit finance4 7#b7 ,public input ,the ,secretary should solicit and consider public input as appropriate in developing this study4 7b7 ,report ,not later than #bgj days after the date of the enactment of this ,act1 the ,secretary shall submit to the ,committee on ,financial ,services and the ,committee on ,foreign ,affairs of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs and the ,committee on ,foreign ,relations of the ,senate a report that contains all findings and determinations made in carrying out the study required under subsection 7a74 #ajc4 ,sense of ,congress on international cooperation regarding terrorist financing intelligence ,it is the sense of the ,congress that the ,secretary1 acting through the ,under ,secretary for ,terrorism and ,financial ,crimes1 should intensify work with foreign partners to help the foreign partners develop intelligence analytic capacities1 in a finance ministry or other appropriate agency1 that are-- 7#a7 commensurate to the threats faced by the foreign partner2 and 7#b7 designed to better integrate intelligence efforts with the anti-money laundering and counter-terrorist financing regimes of the foreign partner4 #ajd4 ,examining the counter-terror financing role of the ,department of the ,treasury in embassies ,not later than #ahj days after the enactment of this ,act1 the ,secretary shall submit to the ,committee on ,financial ,services and the ,committee on ,foreign ,affairs of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs and the ,committee on ,foreign ,relations of the ,senate a report that contains-- 7#a7 a list of the ,united ,states embassies in which a full-time ,department of the ,treasury financial attach is stationed and a description of how the interests of the ,department of the ,treasury relating to terrorist financing and money laundering are addressed 7via regional attachs or otherwise7 at ,,us embassies where no such attachs are present2 7#b7 a list of the ,united ,states embassies at which the ,department of the ,treasury has assigned a technical assistance advisor from the ,office of ,technical ,assistance of the ,department of the ,treasury2 7#c7 an overview of how ,department of the ,treasury financial attachs and technical assistance advisors assist in efforts to counter illicit finance1 to include money laundering1 terrorist financing1 and proliferation financing2 and 7#d7 an overview of patterns1 trends1 or other issues identified by ,department of the ,treasury attachs and whether resources are sufficient to address these issues4 ,,ii ,national strategy for combating terrorist and other illicit financing #bja4 ,development of national strategy 7a7 ,in general ,the ,president1 acting through the ,secretary shall1 in consultation with the ,attorney ,general1 the ,secretary of ,state1 the ,secretary of ,homeland ,security1 the ,director of ,national ,intelligence1 and the appropriate ,federal banking agencies1 develop a national strategy for combating the financing of terrorism and related forms of illicit finance4 7b7 ,transmittal to ,congress 7#a7 ,in general ,not later than ,january #ca1 #bjah1 the ,president shall submit to the appropriate congressional committees a comprehensive national strategy developed in accordance with subsection 7a74 7#b7 ,updates ,not later than ,january #ca1 #bjbj1 and ,january #ca1 #bjbb1 the ,president shall submit to the appropriate congressional committees updated versions of the national strategy submitted under paragraph 7#a74 7c7 ,separate presentation of classified material ,any part of the national strategy that involves information that is properly classified under criteria established by the ,president shall be submitted to the ,congress separately in a classified annex and1 if requested by the chairman or ranking ,member of one of the appropriate congressional committees1 as a briefing at an appropriate level of security4 #bjb4 ,contents 7a7 ,in general ,the strategy described in section #bja shall contain the following3 7#a7 ,evaluation of existing efforts ,an assessment of the effectiveness of and ways in which the ,united ,states is currently addressing the highest levels of risk of various forms of illicit finance1 including those identified in the documents entitled #bjae ,national ,money ,laundering ,risk ,assessment and #bjae ,national ,terrorist ,financing ,risk ,assessment1 published by the ,department of the ,treasury and a description of how the strategy is integrated into1 and supports1 the broader counter terrorism strategy of the ,united ,states4 7#b7 ,goals1 objectives1 and priorities ,a comprehensive1 research-based1 long-range1 quantifiable discussion of goals1 objectives1 and priorities for disrupting and preventing illicit finance activities within and transiting the financial system of the ,united ,states that outlines priorities to reduce the incidence1 dollar value1 and effects of illicit finance4 7#c7 ,threats ,an identification of the most significant illicit finance threats to the financial system of the ,united ,states4 7#d7 ,reviews and proposed changes ,reviews of enforcement efforts1 relevant regulations and relevant provisions of law and1 if appropriate1 discussions of proposed changes determined to be appropriate to ensure that the ,united ,states pursues coordinated and effective efforts at all levels of government1 and with international partners of the ,united ,states1 in the fight against illicit finance4 7#e7 ,detection and prosecution initiatives ,a description of efforts to improve detection and prosecution of illicit finance1 including efforts to ensure that-- 7,a7 subject to legal restrictions1 all appropriate data collected by the ,federal ,government that is relevant to the efforts described in this section be available in a timely fashion to-- 7i7 all appropriate ,federal departments and agencies2 and 7ii7 as appropriate and consistent with section #cad of the ,international ,money ,laundering ,abatement and ,financial ,anti-,terrorism ,act of #bjja 7#ca ,u4,s4,c4 #ecaa note71 to financial institutions to assist the financial institutions in efforts to comply with laws aimed at curbing illicit finance2 and 7,b7 appropriate efforts are undertaken to ensure that ,federal departments and agencies charged with reducing and preventing illicit finance make thorough use of publicly available data in furtherance of this effort4 7#f7 ,the role of the private financial sector in prevention of illicit finance ,a discussion of ways to enhance partnerships between the private financial sector and ,federal departments and agencies with regard to the prevention and detection of illicit finance1 including-- 7,a7 efforts to facilitate compliance with laws aimed at stopping such illicit finance while maintaining the effectiveness of such efforts2 and 7,b7 providing guidance to strengthen internal controls and to adopt on an industry-wide basis more effective policies4 7#g7 ,enhancement of intergovernmental cooperation ,a discussion of ways to combat illicit finance by enhancing-- 7,a7 cooperative efforts between and among ,federal1 ,state1 and local officials1 including ,state regulators1 ,state and local prosecutors1 and other law enforcement officials2 7,b7 cooperative efforts with and between governments of countries and with and between multinational institutions1 including the ,financial ,action ,task ,force1 with expertise in fighting illicit finance4 7#h7 ,trend analysis of emerging illicit finance threats ,a discussion of and data regarding trends in illicit finance1 including evolving forms of value transfer such as so-called cryptocurrencies1 other methods that are computer1 telecommunications1 or ,internet-based1 cyber crime1 or any other threats that the ,secretary may choose to identify4 7#i7 ,budget priorities ,a multiyear budget plan that identifies sufficient resources needed to successfully execute the full range of missions called for in this section4 7#aj7 ,technology enhancements ,an analysis of current and developing ways to leverage technology to improve the effectiveness of efforts to stop the financing of terrorism and other forms of illicit finance1 including better integration of open-source data4 ,,iii ,definitions #cja4 ,definitions ,in this ,act-- 7#a7 the term appropriate congressional committees means-- 7,a7 the ,committee on ,financial ,services1 the ,committee on ,foreign ,affairs1 the ,committee on ,armed ,services1 the ,committee on the ,judiciary1 ,committee on ,homeland ,security1 and the ,permanent ,select ,committee on ,intelligence of the ,house of ,representatives2 and 7,b7 the ,committee on ,banking1 ,housing1 and ,urban ,affairs1 the ,committee on ,foreign ,relations1 ,committee on ,armed ,services1 ,committee on the ,judiciary1 ,committee on ,homeland ,security and ,governmental ,affairs1 and the ,select ,committee on ,intelligence of the ,senate2 7#b7 the term appropriate ,federal banking agencies has the meaning given the term in section #c of the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahac72 7#c7 the term ,bank ,secrecy ,act means-- 7,a7 section #ba of the ,federal ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahbi;b72 7,b7 chapter #b of title ,i of ,public ,law #ia-ejh 7#ab ,u4,s4,c4 #aiea et seq472 and 7,c7 subchapter ,,ii of chapter #ec of title #ca1 ,united ,states ,code2 7#d7 the term illicit finance means the financing of terrorism1 money laundering1 or other forms of illicit financing domestically or internationally1 as defined by the ,president2 7#e7 the term money services business has the meaning given the term under section #ajaj4ajj of title #ca1 ,code of ,federal ,regulations2 7#f7 the term ,secretary means the ,secretary of the ,treasury2 and 7#g7 the term ,state means each of the several ,states1 the ,district of ,columbia1 and each territory or possession of the ,united ,states4 ,secretary