Combatting Money Laundering in Cyber Crime Act of 2025

Key Points

• This bill gives the Secret Service more power to investigate crimes involving digital assets like cryptocurrency. It allows them to go after people running illegal money-sending businesses and those trying to hide large amounts of cash by breaking it into smaller deposits to avoid detection.
• The plan expands the definition of financial institutions that the Secret Service can investigate. This means they will no longer be limited to just traditional, federally insured banks, allowing them to track money through a wider variety of modern financial services and tech companies.
• It extends a program that helps the government and private companies share information about money laundering for an additional five years. This is meant to help law enforcement keep up with tech-savvy criminals who move money across borders quickly using digital tools.
• The government will be required to study how well these new rules are working. A special report will be due in one year to see if law enforcement has the right tools to stop cyber criminals from hiding their stolen money and to identify any gaps in the current system.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.