PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Congressional Research Service
Version 00 · Introduced in House · Sep 21, 1999
Integrity in Banking and Money Laundering Prevention Act of 1999 - Instructs the Secretary of the Treasury to report to certain congressional committees on private domestic banking activities, including regulatory efforts to monitor and ensure that such activities are conducted in compliance with Federal banking law governing monetary transactions and depository institution recordkeeping requirements.Instructs the Secretary to: (1) prescribe regulations which require financial institutions to maintain all accounts in such a way as to ensure that the name of the account holder and the number of the account are associated with all of the owner's account activity; and (2) develop criteria for identifying foreign high-intensity money laundering areas.Authorizes courts to double criminal penalties for violations involving high-intensity money laundering areas.Directs the Secretary to: (1) require domestic financial institutions to maintain records within the United States which accurately identify the parties for whom such institutions conduct transactions with foreign counterparts; and (2) promulgate final regulations requiring registered brokers and dealers to report suspicious transactions in accordance with specified banking law.
People & committees
Rep. Waters, Maxine [D-CA-35] · D–CA
Legislative record
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Referred to the House Committee on Banking and Financial Services.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 20, 2025. Consult Congress.gov for the current record.
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