The USA Patriot Act and its impact on financial institutions.
The USA Patriot Act (USAPA) strengthens the disclosure requirements for foreign banks that have correspondent relationships with banks in the United States. Specific sections of the Act require that any such foreign bank with a correspondent relationship must maintain a registered agent for purposes of legal process receipt.
USRA helps banks manage registered agent requirements as dictated by the USA Patriot Act.
US Registered Agents understands the implications of the USA Patriot Act, works closely with the US Treasury Department, and can serve as your registered agent under the Act for business transaction in the United States. Any relevant communication received under the Act will be forwarded immediately to our clients here or abroad.