USA
PATRIOT ACT STATEMENT The USA
Patriot Act requires banks to take extra security precautions to help the
government fight the funding of terrorism and money laundering activities.
Federal law requires all financial institutions to obtain, verify, and
record information that identifies each person who opens an account.
These new procedures are designed to prevent crimes, such as identify
theft and account fraud, which terrorists commit to finance their operations
against the Your Understanding and Cooperation Are Needed When an
account at your bank is opened or changed, you will be asked for your name,
address, date of birth, and other identification information.
You will also be asked for your driver’s license or other
identifying government issued documents.
The definition of an account covers a broad range of regular
financial transactions, such as deposit, transaction, asset or credit
accounts or other extension of credit.
The required verification may be inconvenient for some but a strong
deterrent for terrorists and criminals.
You can rest assured that you will only be asked for information
required by the law and that the information will be used only for purposes
of complying with the law. Your
privacy is a top concern, and your bank will respect and protect it as
always, consistent with the law’s requirements. Thank you
for your understanding and help in this critical effort. The war on
terrorism must be fought on many fronts. |
