Hizballah Money Laundering Prevention Act of 2021
- Last Action
- 5/13/2021
Actions
- 2021-05-13Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2021-05-13Introduced in Senate
CRS Summary
As of 2021-05-13 (00)
Hizballah Money Laundering Prevention Act of 2021
This bill establishes measures to deter money laundering by Hizballah in Lebanon.
Specifically, the Department of the Treasury must prohibit or place conditions on the opening or maintaining of certain correspondent or payable-through accounts by the Central Bank of Syria if Treasury determines that certain jurisdictions in Lebanon are jurisdictions of primary money laundering concern.
Further, the President must sanction certain senior foreign political figures or foreign persons that the President determines have knowingly provided material support to or engaged in a significant transaction with Hizballah.
Cosponsors (3)
- Tom Cotton (R-AR)
- Thomas Tillis (R-NC)
- Ted Cruz (R-TX)
Subjects
- Bank accounts, deposits, capital
- Congressional oversight
- Diplomacy, foreign officials, Americans abroad
- Foreign and international banking
- Fraud offenses and financial crimes
- Human rights
- Lebanon
- Middle East
- Sanctions
- Syria
- Terrorism
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.