,,ii #aafth ,,congress #ast ,session ,s4 #badd ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #ag1 #bjai ,mr4 ,cornyn introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to require the ,secretary of the ,treasury to prepare a threat and operational analysis of the use of remittances by drug kingpins1 crime syndicates1 and other persons to finance terrorism1 narcotics trafficking1 human trafficking1 money laundering1 and other forms of illicit financing1 domestically or internationally4 #a4 ,short title ,this ,act may be cited as the ,remittances and ,money ,laundering ,risk ,assessment ,act of #bjai4 #b4 ,remittances and money laundering threat analysis 7a7 ,definitions ,in this section-- 7#a7 the term appropriate congressional committees means-- 7,a7 the ,committee on the ,judiciary of the ,senate2 7,b7 the ,committee on ,homeland ,security and ,governmental ,affairs of the ,senate2 7,c7 the ,caucus on ,international ,narcotics ,control of the ,senate2 7,d7 the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate2 7,e7 the ,committee on the ,judiciary of the ,house of ,representatives2 7,f7 the ,committee on ,homeland ,security of the ,house of ,representatives2 and 7,g7 the ,committee on ,financial ,services of the ,house of ,representatives2 7#b7 the term drug kingpins1 crime syndicates1 and other persons1 with respect to the use of remittances to finance terrorism1 narcotics trafficking1 human trafficking1 money laundering1 and other forms of illicit financing1 domestically or internationally1 means any persons who-- 7,a7 are connected to individuals and organizations associated with financing terrorism1 narcotics trafficking1 human trafficking1 money laundering1 and other forms of illicit financing1 domestically or internationally2 and 7,b7 have been designated as-- 7i7 a significant foreign narcotics trafficker under the ,foreign ,narcotics ,kingpin ,designation ,act 7#ba ,u4,s4,c4 #aija et seq472 7ii7 a transnational criminal organization under ,executive ,order #aceha 7#ej ,u4,s4,c4 #agja note2 relating to blocking property of transnational criminal organizations72 or 7iii7 a ,specially ,designated ,global ,terrorist under ,executive ,order #acbbd 7#ej ,u4,s4,c4 #agja note2 relating to blocking property and prohibiting transactions with persons who commit1 threaten to commit1 or support terrorism72 7#c7 the term human trafficking has the meaning given the term severe forms of trafficking in persons in section #ajc of the ,trafficking ,victims ,protection ,act of #bjjj 7#bb ,u4,s4,c4 #gajb72 7#d7 the term money services business has the meaning given the term in section #ajaj4ajj of title #ca1 ,code of ,federal ,regulations1 or any successor regulation2 and 7#e7 the term money transmitting service has the meaning given the term in section #eccj of title #ca1 ,united ,states ,code4 7b7 ,analysis 7#a7 ,requirement ,not later than #a year after the date of the enactment of this ,act1 the ,secretary of the ,treasury1 in consultation with the ,attorney ,general1 the ,secretary of ,homeland ,security1 and the head of any other appropriate ,federal law enforcement agency1 shall submit to the appropriate congressional committees a threat and operational analysis of the use of remittances by drug kingpins1 crime syndicates1 and other persons to finance terrorism1 narcotics trafficking1 human trafficking1 money laundering1 and other forms of illicit financing1 domestically or internationally4 7#b7 ,contents ,the ,secretary of the ,treasury shall include in the threat and operational analysis required under paragraph 7#a7 the following3 7,a7 ,current and potential threats posed by individuals and organized groups seeking-- 7i7 to exploit security vulnerabilities with respect to remittances and money transmitting services2 or 7ii7 to unlawfully use remittances to finance terrorism1 narcotics trafficking1 human trafficking1 money laundering1 or other forms of illicit financing1 domestically or internationally4 7,b7 ,methods and pathways used to exploit security vulnerabilities4 7,c7 ,challenges presented by identity theft in the use of remittances and money transmitting services4 7,d7 ,improvements needed to enhance cooperation between and among ,federal1 ,state1 and local officials1 including ,state regulators1 ,state and local prosecutors1 and other law enforcement officials4 7,e7 ,improvements needed to enhance cooperation between money services businesses and ,federal1 ,state1 and local officials1 including ,state regulators1 ,state and local prosecutors1 and other law enforcement officials4 7#c7 ,analysis requirements ,in compiling the threat and operational analysis required under paragraph 7#a71 the ,secretary of the ,treasury1 in consultation with the ,attorney ,general1 the ,secretary of ,homeland ,security1 and the head of any other appropriate ,federal law enforcement agency1 shall consider and examine the personnel needs1 technology needs1 and infrastructure needs of ,federal law enforcement agencies4 7c7 ,remittances strategy and implementation plan 7#a7 ,in general ,not later than #ahj days after the date on which the ,secretary of the ,treasury submits the threat analysis under subsection 7b71 and every #e years thereafter for #aj years1 the ,secretary of the ,treasury1 in consultation with the ,attorney ,general1 the ,secretary of ,homeland ,security1 and the head of any other appropriate ,federal law enforcement agency1 shall submit to the appropriate congressional committees a remittances strategy and implementation plan4 7#b7 ,contents ,in preparing the remittances strategy and implementation plan under paragraph 7#a71 the ,secretary of the ,treasury shall consider the following3 7,a7 ,the remittances threat and operational analysis required under subsection 7b71 with an emphasis on efforts to mitigate threats and challenges identified in the analysis4 7,b7 ,efforts to reduce the use of remittances and money transmitting services by drug kingpins1 crime syndicates1 and other persons to finance terrorism1 narcotics trafficking1 human trafficking1 money laundering1 and other forms of illicit financing1 domestically or internationally4 7,c7 ,efforts to prevent human trafficking and the unlawful movement of illicit drugs and other contraband through the use of remittances and money transmitting services1 and standards against which the effectiveness of those efforts may be determined4 7,d7 ,efforts to focus collection and information analysis to disrupt transnational criminal organizations attempting to exploit security vulnerabilities1 and standards against which the effectiveness of those efforts may be determined4 7,e7 ,personnel1 technology1 and infrastructure needs of ,federal law enforcement agencies4 7,f7 ,efforts to prevent1 detect1 investigate1 and mitigate money laundering activities through remittances and money transmitting services1 and standards against which the effectiveness of those efforts may be determined4