Sec. 321. Financial Institutions Specified in Subchapter II of Chapter 53 of Title 31, United States
Subchapter II of Chapter 53 of Title 31, United States Code requires certain reports or records from various financial institutions where they have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings, or in the conduct of intelligence or counterintelligence activities, including analysis, to protect against international terrorism. Section 321 of the USA PATRIOT Act included credit unions, Futures Commission merchants, commodity trading advisors and commodity pool operators in its definition of a financial institution. It also defined in all legislation that the term "Federal functional regulator" includes the Commodity Futures Trading Commission (CFTC).
Read more about this topic: USA PATRIOT Act, Title III, Subtitle A
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