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The USA Patriot Act and Private Equity Funds

The Patriot Act was signed into law by President Bush on October 26, 2001. Title III of the Act impacts the anti-money laundering provisions of the Bank Secrecy Act (BSA). The amendments were made to promote the prevention, detection, and prosecution of international money laundering and the financing of terrorism.

13 minute read August 03, 2003 at 12:12 AM
By
Steven R. Block
The USA Patriot Act and Private Equity Funds

The Patriot Act (official title: The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56) was signed into law by President Bush on October 26, 2001.

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