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Bank of Cattaraugus
Patriot Act Statement


The USA Patriot Act requires banks to take extra security precautions to help the government fight the funding of terrorism and money laundering activities. Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.  These new procedures are designed to prevent crimes, such as identify theft and account fraud, which terrorists commit to finance their operations against the U.S. and its citizens.

Your Understanding and Cooperation Are Needed

When an account at your bank is opened or changed, you will be asked for your name, address, date of birth, and other identification information.  You will also be asked for your driver’s license or other identifying government issued documents.  The definition of an account covers a broad range of regular financial transactions, such as deposit, transaction, asset or credit accounts or other extension of credit.  The required verification may be inconvenient for some but a strong deterrent for terrorists and criminals.  You can rest assured that you will only be asked for information required by the law and that the information will be used only for purposes of complying with the law.  Your privacy is a top concern, and your bank will respect and protect it as always, consistent with the law’s requirements.

Thank you for your understanding and help in this critical effort. The war on terrorism must be fought on many fronts.