Financial Crimes Enforcement Network guidance concerning activities related to Israeli settlements or outposts in the West Bank or Gaza

(a) In general Not later than 120 days after the date of the enactment of this Act, the Director of the Financial Crimes Enforcement Network, in consultation with the Director of the Office of Foreign Assets Control, shall issue guidance to financial institutions relating to the activities described in sections 2(a) and 2(b). (b) Update The Director of the Financial Crimes Enforcement Network shall update the guidance required by subsection (a) not less than every 180 days after the date of the issuance of the initial guidance required by subsection (a).