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Title III: International Money Laundering Abatement and Financial Anti-Terrorism Act of 2001 is actually an act of Congress in its own right as well as being a title of the USA PATRIOT Act, and is intended to facilitate the prevention, detection and prosecution of international money laundering and the financing of terrorism.
The USA PATRIOT Act was reauthorized by three bills. The first, the USA PATRIOT and Terrorism Prevention Reauthorization Act of 2005, was passed by Congress in July 2005. This bill reauthorized some, but not all, provisions of the original USA PATRIOT Act, as well as the newer Intelligence Reform and Terrorism Prevention Act of 2004.
The term 'Senior Foreign Political Figure', as defined by section 312 of the USA PATRIOT Act is to a great extent similar to the definition of a PEP, and also excludes middle-ranking or more junior individuals. [citation needed] The term PEP is recognized (and was defined) by the Wolfsberg Group of 11 global banks. [23]
Section 326 requires the Secretary of the Treasury (Secretary) to jointly prescribe with each of the Agencies, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC), a regulation that, at a minimum, requires financial institutions to implement reasonable procedures to verify the identity of any person ...
The USA PATRIOT Act was passed by the United States Congress in 2001 as a response to the September 11 attacks in 2001. It has ten titles, with the third title ("Title III: International Money Laundering Abatement and Financial Anti-Terrorism Act of 2001") written to prevent, detect, and prosecute international money laundering and the financing of terrorism.
George W. Bush during his presidency of 8 years from 2001 to 2009 signed 56 signature pieces of legislation. Major ones of these included USA PATRIOT Act, Joint Resolution to Authorize the Use of United States Armed Forces Against Iraq, Job Creation and Worker Assistance Act of 2002, United States-Chile Free Trade Agreement Implementation Act, Controlling the Assault of Non-Solicited ...
Title VIII: Strengthening the criminal laws against terrorism is the eighth of ten titles which comprise the USA PATRIOT Act, an anti-terrorism bill passed in the United States one month after the September 11, 2001 attacks. Title VIII contains 17 sections and creates definitions of terrorism, and establishes or re-defines rules with which to ...
The USA PATRIOT Act was passed by the United States Congress in 2001 as a response to the September 11, 2001 attacks. It has ten titles, each containing numerous sections. Title IV: Protecting the Border aims to prevent terrorism in the USA through immigration regulations. The provisions of the title generally increase the difficulty of ...