II 

115TH CONGRESS 

1ST SESSION S. 2080 

To increase the role of the financial industry in combating human trafficking. 

IN THE SENATE OF THE UNITED STATES 

NOVEMBER 6, 2017 

Ms. WARREN (for herself and Mr. RUBIO) introduced the following bill; which 

was read twice and referred to the Committee on Banking, Housing, and 

Urban Affairs 

A BILL 

To increase the role of the financial industry in combating 

human trafficking. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘End Banking for 

5 Human Traffickers Act of 2017’’. 

6 SEC. 2. COORDINATION OF HUMAN TRAFFICKING ISSUES 

7 BY THE OFFICE OF TERRORISM AND FINAN8 CIAL INTELLIGENCE. 

9 (a) FUNCTIONS.—Section 312(a)(4) of title 31, 

10 United States Code, is amended— 


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1 (1) by redesignating subparagraphs (E), (F), 

2 and (G) as subparagraphs (F), (G), and (H), respec3 tively; and 

4 (2) by inserting after subparagraph (D) the fol5 lowing: 

6 ‘‘(E) combating illicit financing relating to 

7 human trafficking;’’. 

8 (b) INTERAGENCY COORDINATION.—Section 312(a) 

9 of such title is amended by adding at the end the fol10 lowing: 

11 ‘‘(8) INTERAGENCY COORDINATION.—The Sec12 retary of the Treasury, after consultation with the 

13 Undersecretary for Terrorism and Financial Crimes, 

14 shall designate an office within the OTFI that shall 

15 coordinate efforts to combat the illicit financing of 

16 human trafficking with— 

17 ‘‘(A) other offices of the Department of the 

18 Treasury; 

19 ‘‘(B) other Federal agencies, including— 

20 ‘‘(i) the Office to Monitor and Combat 

21 Trafficking in Persons of the Department 

22 of State; and 

23 ‘‘(ii) the Interagency Task Force to 

24 Monitor and Combat Trafficking; 


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1 ‘‘(C) State and local law enforcement agen2 cies; and 

3 ‘‘(D) foreign governments.’’. 

4 SEC. 3. STRENGTHENING THE ROLE OF ANTI-MONEY LAUN5 DERING AND OTHER FINANCIAL TOOLS IN 

6 COMBATING HUMAN TRAFFICKING. 

7 (a) INTERAGENCY TASK FORCE RECOMMENDATIONS

8 TARGETING MONEY LAUNDERING RELATED TO HUMAN

9 TRAFFICKING.— 

10 (1) IN GENERAL.—Not later than 270 days 

11 after the date of the enactment of this Act, the 

12 Interagency Task Force to Monitor and Combat 

13 Trafficking shall submit to the Committee on Bank14 ing, Housing, and Urban Affairs of the Senate, the 

15 Committee on the Judiciary of the Senate, the Com16 mittee on Financial Services of the House of Rep17 resentatives, the Committee on the Judiciary of the 

18 House of Representatives, the Secretary of the 

19 Treasury, and each appropriate Federal banking 

20 agency— 

21 (A) an analysis of anti-money laundering 

22 efforts of the United States Government and 

23 United States financial institutions related to 

24 human trafficking; and 


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1 (B) appropriate legislative, administrative, 

2 and other recommendations to strengthen ef3 forts against money laundering relating to 

4 human trafficking. 

5 (2) REQUIRED RECOMMENDATIONS.—The rec6 ommendations under paragraph (1) shall include— 

7 (A) best practices based on successful anti8 human trafficking programs currently in place 

9 at financial institutions that are suitable for 

10 broader adoption; 

11 (B) stakeholder feedback on policy pro12 posals derived from the analysis conducted by 

13 the task force referred to in paragraph (1) that 

14 would enhance the efforts and programs of fi15 nancial institutions to detect and deter money 

16 laundering related to human trafficking, includ17 ing any recommended changes to internal poli18 cies, procedures, and controls related to human 

19 trafficking; 

20 (C) any recommended changes to training 

21 programs at financial institutions to better 

22 equip employees to deter and detect money 

23 laundering related to human trafficking; and 

24 (D) any recommended changes to expand 

25 human trafficking-related information sharing 


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1 among financial institutions and between such 

2 financial institutions, appropriate law enforce3 ment agencies, and appropriate Federal agen4 cies. 

5 (b) ADDITIONAL REPORTING REQUIREMENT.—Sec6 tion 105(d)(7) of the Trafficking Victims Protection Act 

7 of 2000 (22 U.S.C. 7103(d)(7)) is amended— 

8 (1) in the matter preceding subparagraph (A)— 

9 (A) by inserting ‘‘the Committee on Finan10 cial Services,’’ after ‘‘the Committee on Foreign 

11 Affairs’’; and 

12 (B) by inserting ‘‘the Committee on Bank13 ing, Housing, and Urban Affairs’’ after ‘‘the 

14 Committee on Foreign Relations,’’; 

15 (2) in subparagraph (Q)(vii), by striking ‘‘; 

16 and’’ and inserting a semicolon; 

17 (3) in subparagraph (R), by striking the period 

18 at the end and inserting ‘‘; and’’; and 

19 (4) by adding at the end the following: 

20 ‘‘(S) the efforts of the United States to 

21 eliminate money laundering related to human 

22 trafficking and the number of investigations, 

23 arrests, indictments, and convictions in money 

24 laundering cases with a nexus to human traf25 ficking.’’. 


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1 (c) REQUIRED REVIEW OF PROCEDURES.—Not later 

2 than 180 days after the date of the enactment of this Act, 

3 the Federal Financial Institutions Examination Council, 

4 in consultation with the Secretary of the Treasury, the pri5 vate sector, and appropriate law enforcement agencies, 

6 shall— 

7 (1) review and enhance training and examina8 tions procedures to improve the surveillance capabili9 ties of anti-money laundering, and countering the fi10 nancing of terrorism programs to detect human traf11 ficking-related financial transactions; 

12 (2) review and enhance procedures for referring 

13 potential human trafficking cases to the appropriate 

14 law enforcement agency; and 

15 (3) determine, as appropriate, whether require16 ments for financial institutions and covered financial 

17 institutions are sufficient to detect and deter money 

18 laundering related to human trafficking. 

Æ 


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