Insurers Ask Patriot Act Reporting Waiver

NU Online News Service, April 12, 3:07 p.m. EST?A group of insurance trade groups met yesterday with the U.S. Treasury Department, seeking exemptions for property-casualty insurers from the U.S. Patriot Act reporting provisions.

The recently enacted Patriot Act is aimed at detecting the money laundering schemes of terrorists.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.