Combatting Money Laundering in Cyber Crime Act of 2025

Key Points

• This bill gives the U.S. Secret Service more power to investigate crimes involving digital assets like cryptocurrency. It focuses on stopping people who run illegal money-moving businesses or try to hide large amounts of money from the government.
• It changes the law so the Secret Service can investigate more types of financial companies, not just traditional banks. This helps law enforcement keep up with how criminals use new technology and online platforms to commit fraud.
• The bill extends the time that government agencies can share information about financial crimes from five years to ten years. This allows investigators to track criminal groups over a longer period and catch those who try to hide their tracks over time.
• A special government watchdog would be required to study these changes and report back to Congress. They will look at whether these new powers are actually helping police stop money laundering and cyber crimes effectively.

Impact Analysis

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