QuestionMay 24, 2025

The USA Patriot Act of 2001 is a federal law that requires the establishment of anti- money laundering compliance programs by all financial institutions. True False

The USA Patriot Act of 2001 is a federal law that requires the establishment of anti- money laundering compliance programs by all financial institutions. True False
The USA Patriot Act of
2001 is a federal law
that requires the
establishment of anti-
money laundering
compliance programs
by all financial
institutions.
True
False

Solution
3.2(299 votes)

Answer

True Explanation The USA Patriot Act of 2001 indeed includes provisions that require financial institutions to implement anti-money laundering (AML) compliance programs. This is part of the broader effort to combat terrorism and enhance national security.

Explanation

The USA Patriot Act of 2001 indeed includes provisions that require financial institutions to implement anti-money laundering (AML) compliance programs. This is part of the broader effort to combat terrorism and enhance national security.
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