Regulatory Acts that Govern the Collateral Loan Industry

This presentation is being provided to you for informational purposes only. By supplying this information to you, I.P.A. is not providing you with legal advice and the statements set forth in this presentation shall not be considered legal advice. If you have any questions about the Act, and your compliance therewith, it is suggested that you seek the advice of legal counsel.

The signing of the USA Patriot Act (The ACT) on October 26, 2001 placed new guidelines on Pawnbrokers which expanded upon previously enacted legislation and is designed to prevent the financing of terrorist activity and money laundering by domestic and foreign criminals.
USA Patriot Act
The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act), signed into law on October 26, represents the U.S. government's primary legislative response to the terrorist attacks of September 11. Patterned after a proposal developed by the Department of Justice, this new law (Public Law No. 107-56) focuses mainly on reinforcing the arsenal of tools available to the Central Intelligence Agency, the Federal Bureau of Investigation, and federal prosecutors for identifying and disabling terrorist networks operating both within and outside the United States.

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TD F 90-22.56B Suspicious Activity Report
SAR MSB 05-13-02a
Safe Harbor Federal law (31 U.S.C. 5318(g)(3)) provides complete protection from civil liability for all reports of suspicious transactions made to appropriate authorities, including supporting documentation, regardless of whether such reports are filed pursuant to this report's instructions or are filed on a voluntary basis. Specifically, the law provides that a financial institution, and its directors, officers, employees and agents, that make a disclosure of any possible violation of law or regulation, including in connection with the preparation of suspicious activity reports, "shall not be liable to any person under any law or regulation of the United States, any constitution, law, or regulation of any State or political subdivision of any State, or under any contract or other legally enforceable agreement (including any arbitration agreement), for such disclosure or for any failure to provide notice of such disclosure to the person who is the subject of such disclosure or any other person identified in the disclosure"

TD F 90-22.56B Suspicious Activity Report The information on SAR is available at www.irs.gov
The Weights & Measures Act
225 ILCS 470/1
The regulation of weights and measures is necessary for science, industry, and commerce. The importance of establishing uniform national standards was demonstrated by the drafters of the U.S. Constitution, who gave Congress in Article 1, Section 8, the power to "fix the Standard of Weights and Measures." During the nineteenth century, the Office of Standard Weights and Measures regulated measurements. In 1901 it became the National Bureau of Standards, and in 1988 it was renamed the National Institute of Standards and Technology.

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Tax Informational Security Guidelines for Federal, State and Local Agencies and Entities
Safeguards for Protecting Federal Tax Returns and Return Information

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FinCEN Form 101a Suspicious Activity Report
Fin101SAR SF 10-21-02

Instructions
Specially Designated Nationals List (SDN)
Office of Foreign Assets Control
SDN and Blocked Persons

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Leads On-Line
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