Bipartisan Senate bill calls for stronger Secret Service financial cybercrime probes

The article reports on bipartisan legislation—the Combating Money Laundering in Cyber Crime Act of 2024—intended to broaden the U.S. Secret Service’s investigative authority over transnational cybercrime tied to digital assets, including illicit money transmission and fraud. It calls for a Government Accountability Office report on law enforcement’s ability to detect and deter money laundering, recounts the Secret Service’s cyber units and task forces, and highlights concerns about the need for more cyber-skilled personnel and oversight to address financially motivated cybercrime.