Money Laundering Reform Act of 1990

Money Laundering Reform Act of 1990 - Amends Federal law to authorize the Secretary of the Treasury to require a depository institution to request financial disclosure reports on prior monetary transactions from a financial institution engaging in reportable monetary transactions with it

Expresses the sense of the Congress that the States should establish regulatory mechanisms to establish and enforce licensing and regulation laws for businesses engaged in monetary transactions.

Amends the Federal Deposit Insurance Act to establish recordkeeping requirements for wire and electronic funds transfers by federally-insured depository institutions.

Amends Federal law to authorize the Secretary to prohibit financial institutions from disclosing the existence of Federal orders seeking additional information about targeted monetary transactions.

Requires the Board of Governors of the Federal Reserve System to transmit, upon the Attorney General's request, an analysis of currency surplus reports for each Reserve Bank and each depository institution within its district.

Requires the Secretary of the Treasury to report to the Congress on the uses made of currency transaction reports.

Requires the Secretary to establish a study group to evaluate: (1) methods of tracing currency through electronic scanning devices; and (2) the protection each such method may give the right of individuals to privacy in financial transactions.

Requires the Comptroller General to report to the Congress the results of a feasibility study of a proposed Financial Crimes Enforcement Network.