USA PATRIOT Act


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USA PATRIOT Act

Legislation in the United States, enacted in 2001 shortly after the September 11 terrorist attacks, that increased the federal government's surveillance and enforcement powers with the intent of combating terrorism. Among other provisions, it expanded the powers of the Secretary of the Treasury to monitor financial transactions, especially internationally, and cracked down on money laundering.
References in periodicals archive ?
Officially entitled the Domestic Security Enhancement Act of 2003 (DSEA), the legislation has been dubbed "Patriot Act U" by opponents, since it appears to be a follow-up punch to the USA Patriot Act of 2001, passed in the wake of 9-11.
The USA PATRIOT Act requires that the assets of those individuals on this list be frozen.
Title III of the USA PATRIOT Act, and specifically Section 326 (the International Money Laundering Abatement and Anti-Terrorist Financing Act), requires financial institutions to "reasonably and practicably" know their customers.
On October 24-25, the House and Senate approved sweeping antiterrorist legislation, the USA Patriot Act, without following the usual committee process.
Some of the most controversial aspects of the USA PATRIOT Act, the legislation expanding government police and intelligence powers that was hastily passed in the wake of the September 11th attacks, were scheduled to expire at the end of 2005 absent further congressional action.
He has responsibility for all legal matters affecting retail banking including mortgage, home equity, credit and debit cards, privacy, the Community Reinvestment Act, e-commerce, and the USA Patriot Act.
IN JULY, THE Department of Justice released "Report from the Field: The USA PATRIOT Act at Work," a 29-page effort to persuade its critics that the controversial PATRIOT Act, passed in 2001, is both necessary to fight terrorism and unlikely to undermine American liberties.
Howard Berman introduced legislation Wednesday to limit the USA Patriot Act, noting that he voted for the anti-terrorism bill after the Sept.
Despite increased opposition to the USA Patriot Act (Baltimore, Maryland, is the latest city to pass a resolution denouncing the act), the U.
Today, a controversial piece of legislation called the USA PATRIOT Act of 2001 is causing a big dilemma for corporations.
As noted above, the Section urges FinCEN to be sensitive to the costs of imposing Section 352 AML requirements on the commercial real estate industry Section 352 of the USA Patriot Act requires the establishment of an AML program, including, at a minimum, the following:
This article briefly examines FISA and the impact of the USA PATRIOT Act upon it.