LexisNexis to Host USA Patriot Act Web Seminar

May 23, 2003

On Wednesday May, 28th at 1:00 p.m. LexisNexis U.S. will host a Web seminar to discuss the final customer identity verification requirements as mandated by Section 326 of the USA PATRIOT ACT. Section 326 of the Act specifically governs account opening, identification verification procedures and the "Customer Identification Program" (CIP) for all financial institutions, including credit card issuers. The U.S. Department of Treasury issued these regulations on April 30, 2003. Norman Willox, LexisNexis' Chief Officer for Privacy, Industry and Regulatory Affairs will moderate a diverse panel of anti-money laundering experts. They include: John Byrne, Senior Counsel with the American Bankers Association (ABA), Richard Small, Global Anti-Money Laundering Director of Citigroup and Pamela Johnson, Senior Anti-Money Laundering Coordinator, Division of Banking and Regulation for the Board of Governors of the Federal Reserve System. The major topics of discussion will include the final regulations' area of coverage, issues regarding face-to-face versus on-line verification, record-keeping, examination, reasonable belief of identity, government lists, crafting the CIP policy, and employee training.

(http://www.lexisnexis.com/AMLseminar), (http://www.reedelsevier.com)