Sec. 4. Government Accountability Office review of barriers to harmonizing data systems of certain law enforcement agencies
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Not later than one year after the date of the enactment of this Act, the Comptroller General of the United States shall submit to the appropriate congressional committees a report detailing the statutory, technical, and security barriers to harmonizing the data systems of relevant law enforcement agencies, including the Bureau of Alcohol, Tobacco, Firearms, and Explosives, the Federal Bureau of Investigation, the Drug Enforcement Administration, the United States Secret Service, the Diplomatic Security Service, the Financial Crimes Enforcement Network, and U.S.
Customs and Border Protection, to improve data access necessary to facilitate trade-based money laundering investigations. The report required by subsection
(a)shall include an assessment of the benefits and feasibility of integrating new technologies, including distributed ledger technology and quantum ledger technology, into the processes of U.S. Customs and Border Protection and the customs services of foreign jurisdictions with which the United States has trade agreements in effect in order to facilitate the immediate, secure, and complete transfer between jurisdictions of lists of goods and related invoices and bills of lading. In this section: The term appropriate congressional committees means— the Caucus on International Narcotics Control, the Committee on Finance, the Committee on Banking, Housing, and Urban Affairs, and the Committee on the Judiciary of the Senate; and the Committee on Ways and Means, the Committee on Financial Services, and the Committee on the Judiciary of the House of Representatives. The term trade-based money laundering means the process of disguising the proceeds of crime by moving such proceeds through the use of trade transactions in an attempt to legitimize the illegal origin of such proceeds or to finance criminal activities.