US Treasury and Federal Financial Regulators Issue Patriot Act Regulations on Customer Identification

privacy       2002-07-17 
The Department of the Treasury and seven federal financial regulators today issued proposed rules that would require certain financial institutions to establish minimum procedures for identifying and verifying the identity of customers seeking to open new financial accounts. Written comments on the proposed rules may be submitted within 45 days of their publication in the Federal Register, which is expected to occur later this week.
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