Section 326 (USA PATRIOT Act)

Section 326 Patriot Act Compliance

What is Section 326?

Currently there are billions of dollars being spent on Patriot
Act compliance. Just as the Y2K bug made businesses small and large alike
scurry around updating their systems so has the Patriot Act. Section 326 of
the USA PATRIOT Act requires financial institutions to develop a risk-based
approach to a Customer Identification Program (CIP).

America’s local war on terror is, in reality, a war on civil liberties. The creation of post-September 11th policies such as the Patriot Act and the Homeland Security Bill provide little protection to Americans. They do, however, provide the American government with new powers over the American people, powers that are simply unconstitutional. The creation of these documents has left the door open to civil injustices that make a mockery of this country’s founding ideals.

HR 3162 RDS

107th CONGRESS

1st Session

H. R. 3162 IN THE SENATE OF THE UNITED STATES

October 24, 2001

Received

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AN ACT

To deter and punish terrorist acts in the United States and around the world, to enhance law enforcement investigatory

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HR 3162 RDS

107th CONGRESS

1st Session

H. R. 3162 IN THE SENATE OF THE UNITED STATES

October 24, 2001

Received

---

AN ACT

To deter and punish terrorist acts in the United States