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FROM THE OFFICE OF PUBLIC AFFAIRS April 30, 2003JS-336 Treasury and Financial Crimes Enforcement Network Officials to hold briefing on Final USA PATRIOT Act Regulations on Customer Identification The Department of the Treasury, the Financial Crimes Enforcement Network, and the seven federal financial regulators today issued final rules under section 326 of the USA PATRIOT Act that require certain financial institutions to establish procedures to verify the identity of new accountholders. Treasury General Counsel David Aufhauser, Financial Crimes Enforcement Network Director James Sloan, and other officials will provide a briefing this morning at 11:30 am in the Secretary’s large conference room in the Treasury Building. WHAT: Briefing on final rule Implementing Sec. 326 of the PATRIOT Act These regulations are part of the Administration’s continuing work to implement the USA Patriot Act and prevent money laundering, terrorist financing, identity theft, and other forms of fraud while also providing financial institutions the flexibility they need to effectively implement the rules. Media without Treasury or White House press credentials planning to attend should contact Treasury’s Office of Public Affairs at (202) 622-2960 with the following information: name, social security number and date of birth. This information may also be faxed to (202) 622-2960.
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