US Patriot Act
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.
- Cryptocurrencies vs Precious Metals: Which Is The Better Investment? June 25, 2021The discussions will be limited to the strongest contender of each asset type. That's gold for precious metals and Bitcoin for cryptocurrency investments.
- Precious Metals Split Thursday, June 24 June 24, 2021Precious metals divided Thursday with gold and silver falling and platinum and palladium rising. Gains for platinum and palladium were actually their ...
- Affidavit: FBI feared Pennsylvania would seize fabled gold June 24, 2021Affidavit: FBI feared Pennsylvania would seize fabled gold ... An FBI agent applied for a federal warrant in 2018 to seize a cache of gold that he ... coins, and gold and silver bullion, much of which was stolen from robberies of banks, ...