• Treasury Postpones Effective Date of USA PATRIOT Anti-Money Laundering Program Requirement For Certain Types of Financial Institutions
  • August 19, 2003
  • Law Firm: Goodwin Procter LLP - Boston Office
  • On October 25, the Financial Crimes Enforcement Network of the Treasury Department (FinCEN) indefinitely postponed the effective date of Section 352 of the USA PATRIOT Act (which requires all financial institutions covered by the Bank Secrecy Act to institute an anti-money laundering program) for certain financial institutions including loan and finance companies.