The first subtitle tightened the record keeping requirements for financial institutions, making them record the aggregate amounts of transactions processed from areas of the world 0OT Act (U.S. H.R.3162, Public Law 107-56), Title III, Subtitle A, Sec.311.
The first subtitle tightened the record keeping requirements for financial institutions, making them record the aggregate amounts of transactions processed from areas of the world where money laundering is a concern to the U.S. government. USA PATRIOT Act (U.S. H.R.3162, Public Law 107-56), Title III, Subtitle A, Sec.311.