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- Title
Leaving No Loopholes for Terrorist Financing: The Implementation of the USA PATRIOT Act in the Real Estate Field.
- Authors
Cheney, Elizabeth A.
- Abstract
The article focuses on the implementation of the USA Patriot Act in the real estate field. The U.S. real estate sector remained stable despite the tragic events of September 11, 2001. On October 26, 2001, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act ("Patriot Act") was signed into law. The purpose of the law was to deter and punish terrorist acts in the U.S. and around the world, to enhance law enforcement investigatory tools. To meet that objective, the Patriot Act enhanced the requirements of the Bank Secrecy Act to eliminate money laundering as Congress determined that money laundering had partially funded the terrorist activities.
- Subjects
UNITED States; TERRORISM laws; SEPTEMBER 11 Terrorist Attacks, 2001; REAL property; MONEY laundering; TERRORISM
- Publication
Vanderbilt Law Review, 2005, Vol 58, Issue 5, p1705
- ISSN
0042-2533
- Publication type
Article