Patriot Act Delay Makes Sense
That sigh you heard was the collective expression of relief bythe insurance industry, which has been given as much as a six-monthreprieve before having regulations imposed to prevent potentialmoney-laundering.
The issue was raised by passage of the USA Patriot Act, approvedlast year by Congress in response to the Sept. 11 terroristattacks. Under the law, the U.S. Treasury Department was ordered todevelop regulations to discourage and detect money laundering.
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