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 ?
The key recent components of the financial sanctions regime in place against Ivan include: (1) the Comprehensive Ivan Sanctions, Accountability, and Divestment Act of 2010 (CISADA); (46) (2) the USAPATRIOT Act money laundering designation of 2011; (47) (3) the National Defense Authorization Act of 2012 (NDAA); (48) (4) the Ivan Threat Reduction and Syria Human Rights Act of 2012 (ITRA); (49) and (5) the National Defense Authorization Act of 2013, which included the Iran Freedom and Counter-Proliferation Act (IFCPA).
In 2003, the United States also designated Burma as a jurisdiction of primary money laundering concern and imposed countermeasures, pursuant to Section 311 of the USAPATRIOT Act, because of its extremely weak anti-money laundering /counter-terrorist financing (AML/CFT) regime.