Stop Somali Currency Airport Smuggling through Hawalas Fraud Act mandates detailed reporting on currency and monetary instruments transported by.
The Stop Somali Currency Airport Smuggling through Hawalas Fraud Act requires detailed reporting on currency and monetary instruments transported by nationals of high-risk countries. The bill amends section 5316 of title 31, United States Code, to include specific information in reports under that section. This includes details about the individual transporting the currency or monetary instruments, the beneficiary or recipient, and the source of the funds. The bill identifies high-risk countries based on a Department of State press release.
The filed bill text is too short for analysis.