Foreign Money Laundering Deterrence and Anticorruption Act

[AI summary unavailable — showing source text] Foreign Money Laundering Deterrence and Anticorruption Act - Amends Federal law governing monetary transactions to set forth requirements relating to transactions and accounts with or on behalf of foreign entities. (Sec. 4) Expresses the sense of Congress that, in its deliberations with another country concerning money laundering and corruption issues, the United States should: (1) emphasize an approach that addresses not only the laundering of traditional criminal activity proceeds, but also the endemic problem of governmental corruption and the corruption of ruling elites; and (2) encourage enactment and enforcement of laws in such country to prevent money laundering and systemic corruption. Directs the Secretary of the Treasury to: (1) instruct the United States Executive Directors of each international financial institution to oppose any loan, disbursement, or other utilization of resources by the international financial institution (other than to address basic human needs) for any country the Secretary determines has a high level of corruption and is not taking meaningful steps to reduce it; and (2) report annually to Congress on deliberations between the United States and oth…