Sec. 330. International Cooperation in Investigations of Money Laundering, Financial Crimes, and The
This section details that the sense of Congress is to encourage international cooperation in investigations of money laundering, financial crimes, and the finances of terrorist groups. The sense is that the U.S. President should direct the Secretary of State, the Attorney General, or the Secretary of the Treasury, as appropriate, and in consultation with the Board of Governors of the Federal Reserve System to seek to enter into negotiations with the appropriate financial supervisory agencies and other officials of any foreign country who do business with the U.S.. Congress's purpose is to ensure that foreign banks and other financial institutions maintain adequate records of transaction and account information relating to any foreign terrorist organization, any person who is a member or representative of any such organization, or any person engaged in money laundering or financial or other crimes and establish a mechanism whereby, when appropriate, these records may be made available to United States law enforcement officials and domestic financial institution supervisors.
Read more about this topic: USA PATRIOT Act, Title III, Subtitle A
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