Sec. 204. REPORT ON ACTIVITIES OF FOREIGN GOVERNMENTS TO DISRUPT GLOBAL LOGISTICS NETWORKS AND FUNDRAISING, FINANCING, AND MONEY LAUNDERING ACTIVITIES OF HIZBALLAH
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## SEC. 204 REPORT ON ACTIVITIES OF FOREIGN GOVERNMENTS TO DISRUPT GLOBAL LOGISTICS NETWORKS AND FUNDRAISING, FINANCING, AND MONEY LAUNDERING ACTIVITIES OF HIZBALLAH ###
(a)Report ####
(1)In general Not later than 90 days after the date of the enactment of the Hizballah International Financing Prevention Amendments Act of 2018, and once every 2 years thereafter for the following 4 years, the President shall submit to the appropriate congressional committees a report that includes— #####
(A)a list of countries that support Hizballah or in which Hizballah maintains important portions of its global logistics networks; #####
(B)with respect to each country on the list required by subparagraph (A)— ######
(i)an assessment of whether the government of the country is taking adequate measures to disrupt the global logistics networks of Hizballah within the territory of the country; and ######
(ii)in the case of a country the government of which is not taking adequate measures to disrupt such networks— ######
(I)an assessment of the reasons that government is not taking such adequate measures; and ######
(II)a description of measures being taken by the United States to encourage that government to improve measures to disrupt such networks; #####
(C)a list of countries in which Hizballah, or any of its agents or affiliates, conducts significant fundraising, financing, or money laundering activities; #####
(D)with respect to each country on the list required by subparagraph (C)— ######
(i)an assessment of whether the government of the country is taking adequate measures to disrupt the fundraising, financing, or money laundering activities of Hizballah and its agents and affiliates within the territory of the country; and ######
(ii)in the case of a country the government of which is not taking adequate measures to disrupt such activities— ######
(I)an assessment of the reasons that government is not taking such adequate measures; and ######
(II)a description of measures being taken by the United States to encourage that government to improve measures to disrupt such activities; #####
(E)a list of methods that Hizballah, or any of its agents or affiliates, utilizes to raise or transfer funds, including trade-based money laundering, the use of foreign exchange houses, free-trade zones, business partnerships and joint ventures, and other investments in small and medium-sized enterprises; #####
(F)a list of jurisdictions outside of Lebanon that expressly consent to, or with knowledge allow, the use of their territory by Hizballah to carry out terrorist activities, including training, financing, and recruitment; #####
(G)a description of the total aggregate revenues and remittances that Hizballah receives from the global logistics networks of Hizballah; #####
(H)a list of Hizballah’s sources of revenue, including sources of revenue based on illicit activity, revenues from Iran, charities, and other business activities; #####
(I)a list of Hizballah’s expenditures, including expenditures for ongoing military operations, social networks, and external operations; #####
(J)a description of steps to be taken by Federal agencies to combat the illicit tobacco trafficking networks used by Hizballah; #####
(K)an assessment of Hizballah’s financial operations in areas under its operational or political control in Lebanon and Syria and available measures to target Hizballah’s financial operations in those areas; #####
(L)a review of Hizballah’s international operational capabilities, including in the United States; #####
(M)a review of— ######
(i)the total number and value of Hizballah-related assets seized and forfeited; and ######
(ii)the total number of indictments, prosecutions, and extraditions of Hizballah members or affiliates; and #####
(N)a review of efforts by the United States to prevent hostile activities by Iran and disrupt and degrade Hizballah’s illicit networks in the Western Hemisphere, including interagency coordination to ensure that information-sharing, interdictions, arrests, investigations, indictments, sanctions, and designations related to Hizballah individuals or networks in the Western Hemisphere are integrated, coordinated, and publicly communicated by the United States in a manner that supports United States interests. ####
(2)Form The report required by paragraph
(1)shall be submitted in unclassified form to the greatest extent possible, and may contain a classified annex. ####
(3)Global logistics networks of hizballah In this subsection, the term “global logistics networks of Hizballah”, “global logistics networks”, or “networks” means financial, material, or technological support for, or financial or other services in support of, Hizballah. ###
(b)Enhanced Due Diligence ####
(1)In general The President is authorized to require each financial institution in the United States that knowingly maintains a correspondent account or a payable-through account in the United States for a foreign financial institution described in paragraph
(2)to establish enhanced due diligence policies, procedures, and controls in accordance with section 5318(i)(2)(B) of title 31, United States Code, and regulations to implement such section with respect to such accounts. ####
(2)Foreign financial institution described A foreign financial institution described in this paragraph is a foreign financial institution that the President determines provides significant financial services to persons operating in a jurisdiction identified in unclassified form in the list required under subsection (a)(1)(F). ####
(3)Definitions In this subsection, the terms “correspondent account” and “payable-through account” have the meanings given those terms in section 5318A of title 31, United States Code. ###
(c)Briefing on Hizballah’s Assets and Activities Related To Fundraising, Financing, and Money Laundering Worldwide Not later than 90 days after the date of the enactment of the Hizballah International Financing Prevention Amendments Act of 2018, and every 180 days1 thereafter for the following 4 years, the Secretary of State, the Secretary of the Treasury, and the heads of other applicable Federal departments and agencies shall provide to the appropriate congressional committees a briefing on the disposition of Hizballah’s assets and activities related to fundraising, financing, and money laundering worldwide and on any requirements for enhanced due diligence prescribed under subsection (b). 1Section 6811(e) of division F of P.L. 117-263 provides for an amendment to section 204(b) by striking “every 180 days” and inserting “annually”. The amendment could not be carried out because the phrase didn’t appear in subsection (b), however it does appear in subsection (c). ###
(d)Appropriate Congressional Committees Defined In this section, the term “appropriate congressional committees” means— ####
(1)the Committee on Foreign Affairs, the Committee on Financial Services, and the Permanent Select Committee on Intelligence of the House of Representatives; and ####
(2)the Committee on Foreign Relations, the Committee on Banking, Housing, and Urban Affairs, and the Select Committee on Intelligence of the Senate. # TITLE III MISCELLANEOUS PROVISIONS