Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2026

The Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2026 strengthens U.S. laws against financial crimes by increasing penalties for bulk cash smuggling, clarifying how money laundering cases involving commingled funds can be prosecuted, and prohibiting money laundering through informal value transfer systems like hawalas. It expands the definition of money services businesses, creates new requirements for threat analysis of remittance systems used for illicit activities, and updates counterfeiting laws to better address modern financial crime methods. The bill affects financial institutions, money services businesses, and law enforcement agencies by providing clearer legal standards and new enforcement tools. It also updates wiretap authority for certain money laundering and counterfeiting offenses and expands the international money laundering statute to include tax evasion. The law aims to close loopholes that enable money laundering and terrorist financing while ensuring financial systems remain secure.