On the recordJuly 21, 2025
This bill, H.R. 1450, the OFAC Licensure for Investigators Act from Representative Beatty would develop a program at the Department of the Treasury that would allow financial crime investigators, including those at the Office of Foreign Assets Control, that is OFAC, to better trace and understand the efforts by bad actors to evade sanctions and launder funds. By allowing nominal amounts to be directed through certain accounts with stringent U.S. Government oversight, banks, government agencies, and others seeking knowledge about how these bad actors behave and are connected will benefit. This bill will help to keep our financial system and national security secure. I, again, urge my colleagues to support this bill, and I yield back the balance of my time.
Source
govinfo.gov
