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Financial Anti-Terrorism Act of 2001 FATA

The Financial Anti-Terrorism Act (FATA or PATRIOT Act) of 2001 imposes record-keeping and government reporting requirements on banks, certain other financial institutions, and nonfinancial businesses for specified financial transactions and customer financial records.

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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.


Patriot Act of 2001