STREAMLINE Act

The STREAMLINE Act increases certain anti-money laundering reporting thresholds: it raises the currency transaction reporting threshold from $10,000 to $30,000 and adjusts suspicious activity report thresholds from $2,000/$5,000 to $3,000/$10,000. It also establishes automatic inflation adjustments for these thresholds every five years, based on the Consumer Price Index, rounded to the nearest $1,000. Financial institutions that file these reports (like banks and casinos) will be directly affected by the higher thresholds and updated reporting requirements. The bill requires the Treasury to review and streamline reporting forms within 360 days of enactment to improve efficiency in detecting illicit finance.