Summary
A new bill introduced by Republican lawmakers aims to enhance the role of Immigration and Customs Enforcement (ICE) in fighting financial crimes internationally. The bill is called the Trade Transparency Unit Strategy Act and seeks to improve how the U.S. collaborates with other countries in detecting and combating money laundering. It focuses on enhancing information sharing between U.S. agencies and international partners.
Key Facts
- The bill is called the Trade Transparency Unit Strategy Act.
- It was introduced by Senator Tim Sheehy and Representative August Pfluger.
- ICE established Trade Transparency Units in 2004 to fight trade-based money laundering.
- The program includes partnerships with 17 countries worldwide.
- A 2023 report noted ICE lacks the necessary technology and resources to combat financial crime effectively.
- The new bill aims to improve information sharing between U.S. and foreign customs agencies.
- The bill seeks to address the limitations in funding and expertise that ICE currently faces.
- Newsweek reached out to ICE for comments but no response was reported.
