S. 3643 seeks to strengthen the laws against money laundering and related activities in the United States. It introduces tougher penalties for offenses like bulk cash smuggling, illegal money services businesses, and using informal value transfer systems like hawalas for...
Simple Explanation
This bill is like a big rulebook to help stop people from hiding or sneaking around with money in bad ways. It makes the rules stronger so that people who do naughty things with money, like hiding big piles of cash or using secret money services, can get into more trouble.