US HB3629

Financial Institutions Examination Council must review and enhance anti-money laundering training and examination procedures within 180 days to improve detection of financial transactions related to severe forms of human trafficking

Interagency Task Force To Monitor and Combat Trafficking must submit recommendations to Congress within 270 days, including analysis of U.S. anti-money laundering efforts and proposed legislative and administrative changes

Recommendations must incorporate feedback from financial institutions on best practices, input from trafficking victims and advocates, and suggestions for improving employee training and information sharing

Amends the Trafficking Victims Protection Act of 2000 to add whether foreign governments have frameworks to prevent financial transactions involving trafficking proceeds as a factor in evaluating minimum standards for eliminating trafficking

Explicitly prohibits the Act from being used to grant rulemaking authority to the task force or to encourage financial institutions to deny services to trafficking victims