The USA PATRIOT Act is a federal law that was enacted in response to the terrorist attacks of September 11, 2001. The act aims to prevent, detect, and prosecute money laundering and financing of terrorism by requiring financial institutions, including banks, to implement certain anti-money laundering (AML) measures.

Valence Bank is required to comply with the provisions of the USA PATRIOT Act and to implement AML measures to ensure the integrity of the financial system. This means that when you open a bank account with Valence Bank, you may be asked to provide certain personal and identification information, as well as to verify your identity.

Valence Bank may also be required to report suspicious activity to the appropriate authorities, including transactions that may be related to money laundering or terrorist financing. If you have any concerns about how the USA PATRIOT Act may affect your bank account with Valence Bank, please don't hesitate to contact us.