Section 319(a) of the USA PATRIOT Act:

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permits the US Government to seize funds from a correspondent bank account in the US that has been opened and maintained for a foreign bank in the same amount as has been deposited with the foreign bank.

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provides the US Department of Treasury with the authority to apply graduated, proportionate measures against a foreign jurisdiction, foreign financial organization, type of international transaction, or type of account.

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requires due diligence, and in certain situations enhanced due diligence (EDD), for foreign correspondent accounts, which includes virtually all account relationships that organizations can have with a foreign financial organization and private banking for non-citizens of the US.

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allows the appropriate federal banking agency to require a financial organization to produce within 120 hours records or information related to the organization's AML compliance or related to a customer of the organization or any account opened, maintained, administered, or managed in the US by the financial organization.

Section 319(a) of the USA PATRIOT Act:

Permits the US Government to seize funds from a correspondent bank account in the US that has been opened and maintained for a foreign bank in the same amount as has been deposited with the foreign bank.

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Section 319(a) of the USA PATRIOT Act:

Permits the US Government to seize funds from a correspondent bank account in the US that has been opened and maintained for a foreign bank in the same amount as has been deposited with the foreign bank.

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