1. Short title This Act may be cited as the Anti-Money Laundering and Counter-Terrorism Financing Modernization Act or the AML and CTF Modernization Act . 2. Modification of currency transaction reporting threshold (a) Subpart C of section 1010 (1) Initial adjustment Not later than 1 year after the date of enactment of this Act, the Secretary of the Treasury shall adjust the dollar amounts under subpart C of part 1010 of title 31, Code of Federal Regulations, to an amount that is rounded to the nearest multiple of $1,000 and— (A) is not less than $30,000