Digital Asset Anti-Money Laundering Act of 2023

Summary

The Digital Asset Anti-Money Laundering Act of 2023 would expand Bank Secrecy Act (BSA) and anti-money laundering (AML) obligations to a broad range of digital asset participants, including miners, validators, unhosted wallet providers, and operators of digital asset kiosks. It requires FinCEN to issue regulations imposing AML program, reporting, and recordkeeping requirements, including foreign account reporting for digital assets over $10,000, and mandates controls on transactions involving mixers and anonymity-enhanced cryptocurrencies. The bill also directs the Treasury, SEC, and CFTC to establish examination processes for digital asset entities.