Money Laundering, Terrorism & Financial Institutions
Published by Civic Research Institute, civicresearchinstitute.com
 
USA PATRIOT ACT MONITOR NEWS RELEASES

USA PATRIOT Act Monitor News Release: Critical Infrastructure Protection
2/4/2003 4:43:02 PM Eastern Standard Time

The Treasury Department today announced the newly created position of Deputy Assistant Secretary for Critical Infrastructure Protection and Compliance Policy, which will oversee the Office of Critical Infrastructure Protection. Michael A. Dawson, now named Deputy Assistant Secretary for Critical Infrastructure Protection and Compliance Policy, will oversee the Office's efforts to enforce statutes and regulations within the financial sector, including money laundering, terrorist financing, and identity theft. The Office of Critical Infrastructure Protection will develop and implement policies regarding sharing of information among financial institutions and between the private and public sectors, including security of personal financial information and the sharing of suspicious information under the Bank Secrecy Act. The Office staffs the Financial and Banking Information Infrastructure Committee (FBIIC); assists in developing and promulgating money laundering regulations related to the USA PATRIOT Act; and is currently negotiating with the European Union to obtain a finding that U.S. financial privacy law is "adequate" under the EU's Data Protection Directive.


 

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