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| USA Patriot Act |
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| The USA Patriot Act, was passed by Congress after September 11, 2001 to help federal officials gather intelligence to fight terrorism. An important way to prevent terrorism is to disrupt and eliminate terrorists' access to the U.S. and global financial systems. In October 2001, President Bush signed into law the USA Patriot Act, which contains measures to prevent, detect, and prosecute international money laundering and the financing of terrorism. Specifically, Title III of the USA Patriot Act is the International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001. Title III provides for increased supervision of certain high-risk jurisdictions, institutions, and classes of accounts/transactions. Provisions that affect financial institutions generally are set forth as amendments to the Bank Secrecy Act. |
| Testimony and News |
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Testimony
of Herbert A. Biern Senior Associate Director, Division of Banking
Supervision and Regulation The Bank Secrecy Act and the USA
Patriot Act  Before the Committee on International Relations, U.S. House of Representatives November 17, 2004 |
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| The
Financial War on Terrorism and the Administration's Implementation
of the Anti-Money Laundering Provisions of the USA Patriot
Act
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| Treasury
and Federal Financial Regulators Issue Final Patriot Act Regulations
on Customer Identification The Department of the Treasury press release on Final Rule Implementing Section 326 of the USA Patriot Act: Customer Identification Programs for Banks, Savings Associations, Credit Unions, and Certain Non-Federally Regulated Banks. April 30, 2003 |
| CIRCULARS |
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| Expanded
Guidance on Customer Identification Program Rules Issued Pursuant
to the USA PATRIOT Act Circular No. 11702, May 03, 2005 |
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| Bank
Secrecy Act Examination Procedures Relating to Section 326 of
USA PATRIOT Act Circular No. 11632, July 29, 2004 |
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| Interagency
Advisory Concerning Banking Accounts for Foreign Governments,
Embassies, and Political Figures Circular No. 11609, June 17, 2004 |
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| New
Bank Secrecy Act Examination Procedures Relating to USA PATRIOT
Act Circular No. 11550, October 22, 2003 |
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U. S. Treasury to Reinstate USA Patriot Act Section 314(A) Information
Requests Circular No. 11500, February 13, 2003 |
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| Due
Diligence Programs for Certain Foreign Accounts Circular No. 11455, July 24, 2002 |
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| Implementation
of Section 327 of the USA Patriot Act in the Application Process
SR 02-8, March 20, 2002 |
| Proposed and Final Regulations |
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| References |
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Text
of the USA Patriot Act of 2001
 U.S. Government Printing Office, October 26, 2001; 131 pages / 378 kb |
