Patriot Act

As a result of the events of September 11, 2001, the Federal government passed the USA PATRIOT Act of 2001 (the “Patriot Act”) to help the government fight the funding of terrorism and money laundering activities. The Patriot Act requires all financial institutions (including Money Transfer Systems) to obtain, verify, and record information that identifies each person with which they establish a customer relationship. What this means: If you enter into a new customer relationship with Money Transfer Systems, we will ask for your name, address, date of birth (as applicable), and other identification information (including information about the owners of the business, such as a Social Security number and residential address).

In certain circumstances, the Patriot Act or our policies may require Money Transfer Systems to ask for documentation or information beyond that requested on your initial application. If all requested documentation or information is not provided, Money Transfer Systems may be unable to open an account or establish a customer relationship with you.

The purpose of this law is to help protect you, your family and our country from terrorism by preventing terrorist financing. This information will be used by Money Transfer Systems to verify your identity and satisfy the requirements of Federal law. Confidentiality of the information gathered by Money Transfer Systems will be maintained as required under applicable Federal and state privacy laws. We ask for your understanding as we work to support these efforts to maintain the security of your funds and our country. Please speak with your sales representative if you have any questions or concerns about our identification policies.

https://www.justice.gov/archive/ll/highlights.htm

 

 

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