Money Laundering Prevention Act

[AI summary unavailable — showing source text] Money Laundering Prevention Act - Authorizes the Secretary of the Treasury to require domestic financial institutions to take special measures, such as requiring reporting of certain transactions, if the Secretary finds that a jurisdiction outside the United States, financial institutions operating abroad, or certain classes of transactions are of primary money laundering concern. Immunizes from liability financial institutions and their staff making disclosures of possible legal violations to a government agency. Sets penalties for violation of geographic targeting orders and record-keeping requirements. Amends: (1) the Federal Deposit Insurance Act to authorize an insured depository institution to disclose certain information concerning involvement of an institution-affiliated party in potentially unlawful activity; and (2) the Annunzio-Wylie Anti-Money Laundering Act to make certain provisions of the Bank Secrecy Act applicable. Prohibits the knowing concealment and attempted transport across U.S. borders, with intent to evade reporting requirements, of currency and monetary instruments in excess of $10,000. Prohibits U.S. correspondent accounts with foreign banks that do not ha…