S.3017

The STREAMLINE Act updates currency transaction report thresholds and suspicious activity report thresholds.

The STREAMLINE Act, or Streamlining Transaction Reporting and Ensuring Anti-Money Laundering Improvements for a New Era Act, mandates updates to currency transaction report thresholds and suspicious activity report thresholds. It requires the Secretary of the Treasury to update the threshold for currency transaction reports from $10,000 to $30,000 within 180 days of enactment. Federal agencies must update suspicious activity report thresholds from $2,000 to $3,000 and from $5,000 to $10,000 within the same timeframe.