P-C Unaffected By Latest Patriot Act Rules
NU Online News Service, May 2, 4:01 p.m. EDT?The latest round of rules to implement the U.S.A. Patriot Actanti-terrorism legislation will not affect the property-casualtyinsurance industry, a national trade group said.
This week, the U.S. Treasury department issued final regulationsimplementing section 326 of the act, which requires financialinstitutions to install procedures to identify and verify customerswho open new accounts.
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