S. 1273 — Combatting Money Laundering in Cyber Crime Act of 2025

This section expands the United States Secret Service's (USSS) investigative authorities under 18 U.S.C. 3056(b) by (1) adding violations of 18 U.S.C. 1960—prohibiting illegal money transmitting businesses—to the protectee-related offenses (after 18 U.S.C. 879); and (2) broadening financial crimes investigations by (A) adding money laundering and structured transactions (after "documents or devices"), (B) striking the "federally insured" limitation before "financial institution," and (C) defining "institution" as a financial institution under 31 U.S.C. 5312 (i.e., including money services businesses and others subject to Bank Secrecy Act reporting). (Thus, USSS gains explicit authority over unlicensed money transmitters and a wider range of financial institutions.)

This section directs the Government Accountability Office (GAO) to conduct a study on the implementation of section 6102 of the Anti-Money Laundering Act of 2020 and submit a report to the appropriate congressional committees not later than one year after the date of enactment of this Act. The study must focus on evaluating law enforcement's ability to identify and deter money laundering in cyber crimes.