Helping Foreign Banks with Compliance to AML Regulation

Welcome to Agent Service, Inc., your trusted partner in ensuring compliance with the USA PATRIOT Act. As a USA PATRIOT Act registered agent, we provide the necessary expertise to help your institution meet the stringent requirements set forth by this vital legislation.

The USA PATRIOT Act (Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism) was passed by Congress and became effective on December 25, 2001. This act contains anti-money laundering provisions, which require American banks and their correspondent partners to act. As such, it mandates that covered financial institutions, like yours, have a designated agent in the United States to accept legal process. Agent Service, Inc. proudly fulfills this crucial role, safeguarding your institution’s interests.

Learn more about our USA PATRIOT Act agent services.

Our comprehensive services encompass three key aspects outlined in the legislation. First, we ensure that your institution complies with the prohibition on conducting business with shell banks. Our certifications ensure that your foreign correspondents are not associated with shell banks and that transactions involving them are not routed through your institution.

Second, we help you identify beneficial owners who exert significant control over your foreign correspondents. Our team assists in compiling accurate certifications that list owners who directly or indirectly own 25 percent or more of the voting shares.

Lastly, we act as your designated agent in the United States, accepting service of legal process from the Secretary of the Treasury or the Attorney General of the United States pursuant to Section 5318(k) of Title 31, United States Code. Our status as a registered agent under the USA PATRIOT Act ensures that your institution remains in full compliance.

Partnering with Agent Service, Inc. gives your institution peace of mind, knowing that you have a reputable and reliable USA PATRIOT Act registered agent by your side. Secure your compliance with confidence and trust the experts at Agent Service, Inc. to handle your regulatory requirements seamlessly.

Contact us today to discuss how Agent Service, Inc. can assist your institution in meeting its USA PATRIOT Act obligations.