314 Program
The USA PATRIOT Act of 2001, §314(a) requires the Secretary of the Treasury to create a secure network for the transmission of information to enforce the relevant regulations.
FinCEN’s regulations under Section 314(a) enable federal law enforcement agencies, through FinCEN, to reach out to more than 45,000 points of contact at more than 27,000 financial institutions to locate accounts and transactions of persons that may be involved in terrorist financing and/or money laundering. This cooperative partnership between the financial community and law enforcement allows disparate bits of information to be identified, centralized, and rapidly evaluated.
This web interface allows the person(s) designated in §314(a)(3)(A) to register and transmit information to FinCEN.
Read more about this topic: Financial Crimes Enforcement Network
Famous quotes containing the word program:
“Deacon King was tried for violating the Sabbath, and so hot was the debate that it was referred to the church council, which ultimately decided, after long and grave debate, that the deacon had committed a ‘work of necessity and mercy.’”
—For the State of Massachusetts, U.S. public relief program (1935-1943)