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PATRIOT ACT INFORMATION FORM To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies every customer.
Recognizing the need for a more comprehensive anti-money laundering regime, Congress passed and the President signed into law the USA PATRIOT Act, which, among other things, requires that all entities defined as financial institutions for Bank Secrecy Act purposes establish anti-money laundering programs.
Because Notary Signing Agents must already positively identify borrowers during a loan document signing to execute acknowledgments on a mortgage or deed of trust, Signing Agents are often asked to complete a USA PATRIOT Act CIP form to certify the NSA properly identified the borrower at the signing appointment.
The Patriot Act allowed the FBI and US authorities to access data from US companies abroad. This decision was already met with criticism in Europe. Several years later, this led to the economically expanded US Cloud Act.
The word patriot signifies a person who loves their country and is ready to boldly support and defend it. That meaning has endured since the words arrival in English in the 16th century, but it has not marched through the years unchallenged.
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The Patriot Act Reauthorization Safeguards Our Nation This will allow the Justice Department to bring its national security, counterterrorism, counterintelligence, and foreign intelligence surveillance operations under a single authority. The Patriot Act Reauthorization Tackles Terrorism Financing.

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