Page:United States Statutes at Large Volume 112 Part 5.djvu/191

 PUBLIC LAW 105-310—OCT. 30, 1998 112 STAT. 2949 "SUBCHAPTER III—MONEY LAUNDERING AND RELATED FINANCIAL CRIMES "5 340. Definitions. "PART i—NATIONAL MONEY LAUNDERING AND RELATED FINANCIAL CRIMES STRATEGY "5341. National money laundering and related financial crimes strategy. "5342. High-risk money laundering and related financial crime areas. "PART 2—^FINANCIAL CRIME-FREE COMMUNITIES SUPPORT PROGRAM "5351. Establishment of financial crime-fi -ee communities support program. "5352. Program authorization. "5353. Information collection and dissemination with respect to grant recipients. "5354. Grants for fighting money laundering and related financial crimes. "5355. Authorization of appropriations.". (c) REPORT AND RECOMMENDATIONS. —Before the end of the 3i use 5342 5-year period beginning on the date the first national strategy note. for combating money laundering and related financial crimes is submitted to the Congress pursuant to section 5341(a)(1) of title 31, United States Code (as added by section 2(a) of this Act), the Secretary of the Treasury, in consultation with the Attorney General, shall submit a report to the Committee on Banking and Financial Services and the Committee on the Judiciary of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs and the Committee on the Judiciary of the Senate on the effectiveness of and the need for the designation of areas, under section 5342 of title 31, United States Code (as added by such section 2(a)), as high-risk money laundering and related financial crime areas, together with recommendations for such legislation as the Secretary and the Attorney General may determine to be appropriate to carry out the purposes of such section. Approved October 30, 1998. LEGISLATIVE HISTORY—H.R. 1756: HOUSE REPORTS: No. 105-608, Pt. 1 (Comm. on Banking and Financial Services). CONGRESSIONAL RECORD, Vol. 144 (1998): Oct. 5, considered and passed House. Oct. 15, considered and passed Senate, amended. Oct. 16, House concurred in Senate amendment.

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