USA Patriot Act
Important Information for opening a new account:
To help the United States government, Federal law requires all financial institutions to obtain, verify, and record information that identifies each and every person / entity that opens an account.
Casey State Bank is required to obtain the following information from you when opening a new account: Name, Address, Date of Birth, and any other information that we may need to allow us to identify you. In addition, to this above information, you will be required to present two forms of valid identification.
The official title of the USA PATRIOT Act is "Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001." To view this law in its entirety, click on the USA PATRIOT Act link below.
What this means for you?
The purpose of the USA PATRIOT Act is to deter and punish terrorist acts in the United States and around the world, to enhance law enforcement investigatory tools, and other purposes, some of which include:
- To strengthen U.S. measures to prevent, detect and prosecute international money laundering and financing of terrorism;
- To subject to special scrutiny foreign jurisdictions, foreign financial institutions, and classes of international transactions or types of accounts that are susceptible to criminal abuse;
- To require all appropriate elements of the financial services industry to report potential money laundering;
- To strengthen measures to prevent use of the U.S. financial system for personal gain by corrupt foreign officials and facilitate repatriation of stolen assets to the citizens of countries to whom such assets belong.