Taylor Force Martyr Payment Prevention Act of 2023

This bill amends U.S. Treasury regulations to require the Secretary of the Treasury to consider terrorism facilitation when designating foreign financial institutions as "of primary money laundering concern." It specifically directs the Treasury to evaluate whether institutions knowingly provide banking services to entities designated under federal anti-terrorism regulations or facilitate payments for acts of terrorism defined in the Taylor Force Act (22 U.S.C. 2378c-1). The measure targets foreign banks that maintain correspondent accounts with U.S. banks while allegedly enabling terrorist financing through dollar transactions. It directly affects foreign financial institutions operating with U.S. correspondent banking relationships. The policy change focuses on strengthening anti-terrorism financial oversight by expanding the criteria used in Treasury designations.