Banks' frustrations over Patriot Act compliance aired in hearings

WASHINGTON, DC --US banks continue to be angry and frustrated by the way the USA Patriot Act and other anti-money laundering initiatives are being enforced in the US, according to testimony by American Bankers' Association (ABA) general counsel John Byrne at a hearing held by the House Subcommittee on oversight and investigations entitled: Progress since 9/11 -- The effectiveness of US anti-terrorist financing efforts. Byrne said that in spite of some modifications and clarifications to the new

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