US PATRIOT Act

Question 1

Full form and who enatcted the law

Answer 1

US Congress enacted the Uniting and Strengthening America by

Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act

Question 2

what is Title III of the USA PATRIOT Act

Answer 2

increas-
ing the strength of US measures to prevent, detect, and prosecute international money laundering
and the financing of terrorism, to provide a national mandate for subjecting to special scrutiny
foreign jurisdictions, financial institutions operating outside the United States, and classes of inter-
national transactions or types of accounts that pose particular opportunities for criminal abuse, and
to ensure that all appropriate elements of the financial services industry are subject to appropriate
requirements to report potential money laundering transactions to proper authorities

Question 3

USA PATRIOT Act has implications on

Answer 3

US institutions and non-US

institutions that do business in the United States.

Question 4

What else (Only Review)

Answer 4

October 2001

Code 31 Federal Regulation Chapter X.