Stop CCP Money Laundering Act of 2025

This bill tells the U.S. government to take a close look at Hong Kong’s role in money laundering and in helping others dodge U.S. export controls and sanctions. Within 180 days, the Treasury Department must decide if Hong Kong should be labeled a major money‑laundering risk under U.S. law. Within 360 days, the State Department—working with Treasury and Commerce—must report on whether banks in Hong Kong can spot and stop transactions that move products, technology, or money to places like Russia, Iran, and others in violation of U.S. rules.

The report must also look at how Hong Kong’s 2020 National Security Law and its January 2024 security ordinance may limit banks’ ability to follow global anti–money laundering and “know your customer” standards, and describe how well Hong Kong and U.S. authorities work together on enforcement. These reviews do not make new penalties by themselves, but they could guide future actions.

• Who is affected: U.S. agencies (State, Treasury, Commerce) and banks operating in Hong Kong, including U.S. and foreign banks there.
• What changes: Required decision on whether Hong Kong is a major money‑laundering risk, plus a detailed report on Hong Kong’s role in sanction and export‑control evasion (including transfers to Russia, Iran, and mainland China), the impact of Hong Kong security laws on bank compliance, and current U.S.–Hong Kong cooperation.
• When: Decision due within 180 days of enactment; report due within 360 days of enactment.