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.
- Van Hulzen Asset Management LLC Cuts Position in SPDR Gold Shares (GLD) May 22, 2018Van Hulzen Asset Management LLC lowered its stake in SPDR Gold ... to reflect the performance of the price of gold bullion, less the Trust's expenses.
- SPDR Gold Shares (GLD) Position Increased by Transamerica Financial Advisors Inc. May 22, 2018Transamerica Financial Advisors Inc. boosted its stake in SPDR Gold ... reflect the performance of the price of gold bullion, less the Trust's expenses.
- Gold Prices Hold Near 2018 Low May 22, 2018Investing.com - Gold prices inched higher on Tuesday as increased risk ... push bond yields up, make non-yielding assets like bullion less attractive.