Legislation designed to deter money laundering by implementing practices to identify and verify those seeking to open an account were instituted by the

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The U.S.A. Patriot Act of 2003 introduced measures to combat money laundering by requiring financial institutions to establish procedures for verifying the identities of customers seeking to open accounts, as well as monitoring suspicious financial activity. The other options are not specifically related to anti-money laundering measures.

Legislation Designed to Deter Money Laundering by Implementing Practices to Identify