Combatting Money Laundering in Cyber Crime Act of 2025
The Combatting Money Laundering in Cyber Crime Act of 2025 would broaden the U.S. Secret Service’s investigative reach to cover crimes tied to digital asset transactions, including unlicensed money transmitting businesses and money laundering through structured transactions. It also revises how financial institutions are defined for these purposes (removing the federally insured requirement and citing a broader definition in 31 U.S.C. 5312), lengthens the retention window for FinCEN Exchange information from 5 to 10 years, and extends a provision in the North Korea sanctions act from 6 to 10 years. Additionally, it requires a Government Accountability Office report within one year evaluating how well AMLA 2020 section 6102 is being implemented, with a focus on law enforcement’s ability to identify and deter money laundering in cybercrime. Overall, the bill aims to strengthen enforcement tools against cyber-enabled money laundering and related financial-crime activity involving digital assets.
Key Points
- 1Expands United States Secret Service investigative authority to include crimes related to digital assets, such as money laundering and structured transactions, and to cover unlicensed money transmitting businesses.
- 2Removes the requirement that covered financial institutions be federally insured and adopts a broader definition of financial institutions as defined in 31 U.S.C. 5312.
- 3FinCEN Exchange: extends the information-sharing/program retention window from 5 years to 10 years.
- 4International financial institutions: increases the time-related qualifier in the Otto Warmbier North Korea sanctions law from 6 years to 10 years (i.e., lengthening a related constraint or obligation).
- 5GAO study: directs a report within 1 year evaluating the implementation of AMLA 2020 section 6102, focusing on how well law enforcement can identify and deter money laundering in cybercrime.