Stop Somali CASH Fraud Act

Summary

Requires certain noncitizen travelers from specified countries to file an enhanced cash/monetary transport report at least 72 hours before leaving the United States. The new report expands required identity, travel-document, beneficiary, and source-of-funds information beyond current international cash reporting rules. The rule covers nationals of countries on several U.S. government designation lists and adds fields such as prior travel document numbers, ITINs or alien registration numbers used in the past five years, beneficiary contact details, and whether funds come from government contracts or benefits. The change increases predeparture paperwork, data collection, and enforcement responsibilities for federal agencies and individuals who transport large amounts of currency or monetary instruments.

• Creates a new predeparture-reporting requirement for noncitizen nationals of certain designated countries.
• Reports must be filed at least 72 hours before the currency or monetary instruments leave the U.S.
• Significantly expands required data: travel documents from the past 5 years, ITINs/alien registration numbers, and beneficiary contact details.
• Requires disclosure whether funds come from government contracts or benefit programs and any ownership interest in recipient entities.
• Amends the federal statute on international transportation of monetary instruments to add the new reporting subsection.
• Increases administrative and data-processing burdens on federal agencies that receive and review reports.
• May affect remittance and cash-transfer practices used by diaspora communities and informal money channels.
• Raises privacy and nondiscrimination concerns due to targeted collection of immigration-related information.