Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act). The act requires all "financial institutions" to implement AML programs including: the development of internal policies, procedures and controls, and an ongoing employee training program
An acronym for the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, ("USA PATRIOT Act"). The USA PATRIOT Act substantially amends the Bank Secrecy Act of 1970 (BSA). The statute contains strong measures to prevent, detect, and prosecute terrorism and international money laundering. The Act is far-reaching in scope, covering a broad range of financial activities and institutions.
The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (Pub. L. No. 107-56 (2001).
The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 is an act of federal legislation in the United States that dramatically expands the authority of U.S. law enforcement for the stated purpose of fighting terrorist acts in the United States and abroad. It is also used to detect and prosecute other alleged potential crimes such as providing false information on terrorism. It was renewed in March 2006 with certain provisions left out.
legislation passed in the wake of the attack curbing civil liberties and government accountability.
The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56), known as USA PATRIOT Act or simply the Patriot Act, is an American act which President George W. Bush signed into law on October 26, 2001. The Act passed in the Senate by a vote of http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=107&session=1&vote=00313 98 to 1, and in the House by a vote of http://clerk.house.gov/cgi-bin/vote.asp?year=2001&rollnumber=398 357 to 66.
