Report on implementation of artificial intelligence into certain anti-money laundering investigations

Not later than 180 days after the date of enactment of this Act, the Director of the Financial Crimes Enforcement Network of the Department of the Treasury, in consultation with the Chair of the Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve, the Comptroller of the Currency, and the Chair of the National Credit Union Administration, shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report on the feasibility of implementing artificial intelligence into anti-money laundering investigations relating to activity by foreign terrorist organizations, drug cartels, and other transnational criminal organizations that addresses the following: (1) The types of investigations in which artificial intelligence would be helpful. (2) The types of artificial intelligence programs that would be effective in such investigations. (3) The types of schemes artificial intelligence would be best placed to detect. (4) Any potential issues to implementation of artificial intelligence in such investigations.