The customer understands and complies with anti-money laundering and anti-terrorist financing laws namely the US Patriot and the United States’ Bank Secrecy Act Act.
US Patriot Act:
The official title of the USA PATRIOT Act is “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001.” USA PATRIOT Act The purpose of the USA PATRIOT Act is to deter and punish terrorist acts in the United States and around the world, to enhance law enforcement investigatory tools, and other purposes, some of which include:
* To strengthen U.S. measures to prevent, detect and prosecute international money laundering and financing of terrorism;
*To subject to special scrutiny foreign jurisdictions, foreign financial institutions, and classes of international transactions or types of accounts that are susceptible to criminal abuse;
*To require all appropriate elements of the financial services industry to report potential money laundering;
*To strengthen measures to prevent use of the U.S. financial system for personal gain by corrupt foreign officials and facilitate repatriation of stolen assets to the citizens of countries to whom such assets belong.
- Gold price may top US$1300 in 2019 as investors seek sanctuary from the deteriorating trade war September 24, 2018The price of bullion could average US$1,350 an ounce in 2019, compared ... Gold is set to surge over the next year as concerns deepen about the ...
- Gold Set to Soar Above $1300, Bank of America Says September 23, 2018Goldman Sachs Group Inc. has also joined the chorus of bulls, seeing gold at $1,325 in 12 months. Bullion has been building a base around $1,200, ...
- Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Stake Increased by Raymond James ... September 23, 2018Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Stake ... in holding an investment in gold and silver bullion for long-term appreciation.