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HR 1114 107th Congress House

International Counter-Money Laundering and Foreign Anticorruption Act of 2001

Official title: To combat international money laundering and protect the United States financial system, and for other purposes.

Introduced: March 20, 2001 See on congress.gov
Finance and Financial Sector AccountingAdministrative procedureBank accountsBank directors
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Bank employeesBank examinationBank recordsCongressCongressional reporting requirementsCorrespondent banksCrime and Law EnforcementCriminal justice informationDepartment of the TreasuryElite (Social sciences)Employee selectionFederal advisory bodiesFinancial institutionsFines (Penalties)Foreign Trade and International FinanceForeign banks and bankingForeign leadersGovernment Operations and PoliticsGovernment paperworkIncome taxInformersInternational AffairsInternational competitivenessInternational cooperationLabor and EmploymentLawLegislationLiability (Law)Misconduct in officeMoney launderingPersonnel recordsPublic corruptionTax havensTaxationTaxation of foreign income
This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 2, 2001
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Mar 20, 2001
Referred to the House Committee on Financial Services.
Mar 20, 2001
Sponsor introductory remarks on measure. (CR E397-398)
Mar 20, 2001
Introduced in House
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 Latest action April 2, 2001

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service
International Counter-Money Laundering and Foreign Anticorruption Act of 2001 - Authorizes the Secretary of the Treasury to require domestic financial institutions and agencies to take special measures, such as requiring record-keeping and reporting of certain transactions, identification of beneficial owners, and limitations on payable through and correspondent accounts, if the Secretary finds that a jurisdiction outside the United States, financial institutions operating abroad, or one or more classes of transactions within or involving a foreign jurisdiction is of primary money laundering concern.

Immunizes from liability financial institutions and their staff making certain disclosures of possible legal violations to a government agency. Prohibits them from notifying anyone involved that the transaction has been reported.

Sets penalties for violation of geographic targeting orders and record-keeping requirements.

Amends: (1) the Federal Deposit Insurance Act to authorize an insured depository institution to disclose certain information concerning the possible involvement of an institution-affiliated party in potentially unlawful activity; and (2) the Annunzio-Wylie Anti-Money Laundering Act to make certain provisions of the Bank Secrecy Act applicable to it.

Expresses the sense of Congress that: (1) in international deliberations, the U.S. Government should emphasize an approach that addresses governmental corruption; and (2) the United States should continue to actively and publicly support the objectives of the Financial Action Task Force on Money Laundering with regard to combating international money laundering.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 1114: International Counter-Money Laundering and Foreign Anticorruption Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1114/
MLA
"H.R. 1114: International Counter-Money Laundering and Foreign Anticorruption Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1114/.
Bluebook (legal)
H.R. 1114, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1114/.
Markdown link
[H.R. 1114: International Counter-Money Laundering and Foreign Anticorruption Act of 2001](https://openamerica.io/bill/107-HR-1114/)
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