Imposes new recordkeeping and government reporting requirements on banks,
certain other financial institutions, and nonfinancial businesses for specified
financial transactions and customer financial records. It was added to the Bank
Secrecy Act as an attempt to help combat terrorism and money laundering. The
International Money Laundering Abatement and Financial Anti-Terrorism Act of
2001 is Title III of the USA PATRIOT Act of 2001.
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