I 
116TH CONGRESS 
2D SESSION 
H. R. 8816 
To amend subchapter II of chapter 53 of title 31, United States Code, 
to require training for Bank Secrecy Act Federal examiners on anti- 
money laundering and countering the financing of terrorism, and for 
other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 24, 2020 
Mr. MCADAMS (for himself and Mr. GONZALEZ of Ohio) introduced the fol-
lowing bill; which was referred to the Committee on Financial Services, 
and in addition to the Committee on Ways and Means, for a period to 
be subsequently determined by the Speaker, in each case for consider-
ation of such provisions as fall within the jurisdiction of the committee 
concerned 
A BILL 
To amend subchapter II of chapter 53 of title 31, United 
States Code, to require training for Bank Secrecy Act 
Federal examiners on anti-money laundering and coun-
tering the financing of terrorism, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Anti-Money Laun-
dering Training Improvement Act’’. 
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SEC. 2. TRAINING FOR FEDERAL EXAMINERS. 
(a) IN GENERAL.—Subchapter II of chapter 53 of 
title 31, United States Code, is amended by adding at the 
end the following: 
‘‘§ 5333 Training regarding anti-money laundering 
and countering the financing of terrorism 
‘‘(a) TRAINING REQUIREMENT.—Each Federal ex-
aminer reviewing compliance with the Bank Secrecy Act 
shall attend appropriate annual training, as determined by 
the Secretary of the Treasury, relating to anti-money 
laundering activities and countering the financing of ter-
rorism. 
‘‘(b) REQUIRED TOPICS.—The training described in 
subsection (a) shall address— 
‘‘(1) risk profiles and warning signs that an ex-
aminer may encounter during examinations; 
‘‘(2) financial crime patterns and trends; 
‘‘(3) background on the risks anti-money laun-
dering programs and countering the financing of ter-
rorism programs seek to mitigate and the impor-
tance of these programs for law enforcement and na-
tional security agencies; and 
‘‘(4) de-risking and the effect of de-risking on 
the provision of financial services. 
‘‘(c) TRAINING MATERIALS AND STANDARDS.—The 
Secretary of the Treasury shall, in consultation with the 
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Financial Institutions Examination Council, the Financial 
Crimes Enforcement Network, and Federal, State, Tribal, 
and local law enforcement agencies, establish appropriate 
training materials and standards for the training required 
by subsection (a). 
‘‘(d) BANK SECRECY ACT DEFINED.—For the pur-
poses of this section, the term ‘Bank Secrecy Act’ 
means— 
‘‘(1) section 21 of the Federal Deposit Insur-
ance Act (12 U.S.C. 1829b); 
‘‘(2) chapter 2 of title I of Public Law 91–508 
(12 U.S.C. 1951 et seq.); and 
‘‘(3) this subchapter.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for chapter 53 of title 31, United States Code, is amended 
by adding after the item relating to section 5332 the fol-
lowing: 
‘‘5333. Training regarding anti-money laundering and countering the financing 
of terrorism.’’. 
SEC. 3. INTERAGENCY PERSONNEL ROTATION PROGRAM. 
(a) IN GENERAL.—The Secretary shall not later than 
180 days after the date of the enactment of this Act estab-
lish a personnel rotation program designed to promote 
greater effectiveness and efficiency in combating money 
laundering, the financing of terrorism, proliferation fi-
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nancing, serious tax fraud, trafficking, sanctions evasion, 
and other financial crimes. 
(b) PARTICIPATING AGENCIES.—The personnel rota-
tion program described in subsection (a) shall rotate per-
sonnel from— 
(1) any Federal functional regulator; 
(2) the Department of Justice; 
(3) the Federal Bureau of Investigation; 
(4) the Department of Homeland Security; 
(5) the Department of Defense; and 
(6) other Federal agencies as the Secretary of 
the Treasury determines necessary to further anti- 
money laundering and countering the financing of 
terrorism efforts. 
(c) FEDERAL FUNCTIONAL REGULATOR DEFINED.— 
For the purposes of this section, the term ‘‘Federal func-
tional regulator’’— 
(1) has the meaning given the term in section 
509 of the Gramm-Leach-Bliley Act (15 U.S.C. 
6809); and 
(2) includes any Federal regulator that exam-
ines a financial institution for compliance with the 
Bank Secrecy Act. 
Æ 
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