As financial institutions draft new compliance programs in response to the USA PATRIOT Act, many are having to grapple for the first time with establishing internal procedures to file suspicious activity reports with the Financial Crimes Enforcement Network, an agency in the U.S. Department of the Treasury.
President Bush signed the USA PATRIOT Act into law on Oct. 26, 2001. Title III of this law is of particular concern to banks and other financial institutions as it deals with anti-money laundering and requires new areas of compliance beyond the Bank Secrecy Act requirements already in place.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]