Sec. 5. Requiring cooperation to deter the commission of financial fraud
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Subsection
(a)of section 314 of the USA PATRIOT Act ( 31 U.S.C. 5311 note) is amended— in paragraph (1), by inserting , the commission of financial fraud, after terrorist acts ; in paragraph (2)— in subparagraph (B), by striking ; and and inserting a semicolon; in subparagraph (C), by striking the period at the end and inserting ; and ; and by adding at the end the following new subparagraph: means of facilitating the identification of accounts and transactions involving persons engaged in committing financial fraud, subject to the limitations described in paragraph (5). ; and in paragraph (5), by striking shall not be used and all that follows through the period at the end and inserting the following: shall not— be used for any purpose other than identifying and reporting on activities that may involve terrorist acts, financial fraud, or money laundering; and be construed to require financial institutions to determine or assure compliance of any entity with any Federal, State, or other licensing requirements. .
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Sec. 5
Requiring cooperation to deter the commission of financial fraud
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