Sec. 328. International Cooperation On Identification of Originators of Wire Transfers
The Secretary of the Treasury must take all reasonable steps to encourage foreign governments to require the inclusion of the name of the originator in wire transfer instructions sent to the United States and other countries, with the information to remain with the transfer from its origination until the point of disbursement. They must also report annually to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate on the progress Treasury is making on this issue and what is impeding progress of implementing the wire transfer identification scheme.
Read more about this topic: USA PATRIOT Act, Title III, Subtitle A
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