International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001

[AI summary unavailable — showing source text] International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001 - Sunsets this Act after the first day of FY2005 if Congress enacts specified legislation to that effect. Prescribes special measures for jurisdictions, financial institutions, or international transactions of primary money laundering concern, including a proscription against United States correspondent accounts with foreign shell banks. Establishes Federal jurisdiction over foreign money launderers, money that is laundered through a foreign bank, and foreign and domestic bank records related to anti-money laundering programs. Provides for forfeiture of money laundering funds in U.S. interbank accounts. Amends the Immigration and Nationality Act of 1952 to declare inadmissible aliens who have engaged in proscribed money laundering activities. Authorizes Federal application for restraining orders to preserve the availability of property subject to a foreign forfeiture or confiscation judgment. Increases civil and criminal penalties for international money laundering. Authorizes the Secretary of the Treasury to issue regulations to ensure that concentration accounts of financial institutions are not use…