Financial Anti-Terrorism Act of 2001

[AI summary unavailable — showing source text] Financial Anti-Terrorism Act of 2001 - Amends Federal law governing monetary transactions and Federal criminal law to establish as a bulk cash smuggling offense the knowing concealment and attempted transport (or transfer) across U.S. borders of currency and monetary instruments in excess of $10,000, with intent to evade specified currency reporting requirements. Subjects to Federal criminal penalties currency couriers who conceal more than $10,000 in currency and transport, or conspire to transport, such currency in interstate commerce knowing that it was either derived from, or intended to promote, unlawful activity. Establishes Federal jurisdiction over foreign money launderers, and over money that is laundered through a foreign bank. Establishes reporting requirements for coin and currency receipts of more than $10,000 received by a nonfinancial trade or business, or criminal court clerks. Amends the Immigration and Nationality Act of 1952 to declare inadmissible: (1) aliens who have engaged in proscribed money laundering activities; and (2) their immediate family members who have benefitted from such illicit activities. Authorizes Federal enforcement agencies to initiate forfe…