<P> The definition of money laundering was expanded to include making a financial transaction in the U.S. in order to commit a violent crime; the bribery of public officials and fraudulent dealing with public funds; the smuggling or illegal export of controlled munition and the importation or bringing in of any firearm or ammunition not authorized by the U.S. Attorney General and the smuggling of any item controlled under the Export Administration Regulations . It also includes any offense where the U.S. would be obligated under a mutual treaty with a foreign nation to extradite a person, or where the U.S. would need to submit a case against a person for prosecution because of the treaty; the import of falsely classified goods; computer crime; and any felony violation of the Foreign Agents Registration Act of 1938 . It also allows the forfeiture of any property within the jurisdiction of the United States that was gained as the result of an offense against a foreign nation that involves the manufacture, importation, sale, or distribution of a controlled substance . Foreign nations may now seek to have a forfeiture or judgment notification enforced by a district court of the United States . This is done through new legislation that specifies how the U.S. government may apply for a restraining order to preserve the availability of property which is subject to a foreign forfeiture or confiscation judgement . In taking into consideration such an application, emphasis is placed on the ability of a foreign court to follow due process . The Act also requires the Secretary of Treasury to take all reasonable steps to encourage foreign governments make it a requirement to include the name of the originator in wire transfer instructions sent to the United States and other countries, with the information to remain with the transfer from its origination until the point of disbursement . The Secretary was also ordered to encourage international cooperation in investigations of money laundering, financial crimes, and the finances of terrorist groups . </P> <P> The Act also introduced criminal penalties for corrupt officialdom . An official or employee of the government who acts corruptly--as well as the person who induces the corrupt act--in the carrying out of their official duties will be fined by an amount that is not more than three times the monetary equivalent of the bribe in question . Alternatively they may be imprisoned for not more than 15 years, or they may be fined and imprisoned . Penalties apply to financial institutions who do not comply with an order to terminate any corresponding accounts within 10 days of being so ordered by the Attorney General or the Secretary of Treasury . The financial institution can be fined $US 10,000 for each day the account remains open after the 10 - day limit has expired . </P> <P> The second annotation made a number of modifications to the BSA in an attempt to make it harder for money launderers to operate and easier for law enforcement and regulatory agencies to police money laundering operations . One amendment made to the BSA was to allow the designated officer or agency who receives suspicious activity reports to notify U.S. intelligence agencies . A number of amendments were made to address issues related to record keeping and financial reporting . One measure was a new requirement that anyone who does business file a report for any coin and foreign currency receipts that are over US $10,000 and made it illegal to structure transactions in a manner that evades the BSA's reporting requirements . To make it easier for authorities to regulate and investigate anti-money laundering operations Money Services Businesses (MSBs)--those who operate informal value transfer systems outside of the mainstream financial system--were included in the definition of a financial institution . The BSA was amended to make it mandatory to report suspicious transactions and an attempt was made to make such reporting easier for financial institutions . FinCEN was made a bureau of the United States Department of Treasury and the creation of a secure network to be used by financial institutions to report suspicious transactions and to provide alerts of relevant suspicious activities was ordered . Along with these reporting requirements, a considerable number of provisions relate to the prevention and prosecution of money - laundering . Financial institutions were ordered to establish anti-money laundering programs and the BSA was amended to better define anti-money laundering strategy . Also increased were civil and criminal penalties for money laundering and the introduction of penalties for violations of geographic targeting orders and certain record - keeping requirements . A number of other amendments to the BSA were made through subtitle B, including granting the Board of Governors of the Federal Reserve System power to authorize personnel to act as law enforcement officers to protect the premises, grounds, property and personnel of any U.S. National reserve bank and allowing the Board to delegate this authority to U.S. Federal reserve bank . Another measure instructed United States Executive Directors of international financial institutions to use their voice and vote to support any country that has taken action to support the U.S.'s War on Terrorism . Executive Directors are now required to provide ongoing auditing of disbursements made from their institutions to ensure that no funds are paid to persons who commit, threaten to commit, or support terrorism . </P> <P> The third subtitle deals with currency crimes . Largely because of the effectiveness of the BSA, money launders had been avoiding traditional financial institutions to launder money and were using cash - based businesses to avoid them . A new effort was made to stop the laundering of money through bulk currency movements, mainly focusing on the confiscation of criminal proceeds and the increase in penalties for money laundering . Congress found that a criminal offense of merely evading the reporting of money transfers was insufficient and decided that it would be better if the smuggling of the bulk currency itself was the offense . Therefore, the BSA was amended to make it a criminal offense to evade currency reporting by concealing more than US $10,000 on any person or through any luggage, merchandise or other container that moves into or out of the U.S. The penalty for such an offense is up to 5 years imprisonment and the forfeiture of any property up to the amount that was being smuggled . It also made the civil and criminal penalty violations of currency reporting cases be the forfeiture of all a defendant's property that was involved in the offense, and any property traceable to the defendant . The Act prohibits and penalizes those who run unlicensed money transmitting businesses . In 2005, this provision of the USA PATRIOT Act was used to prosecute Yehuda Abraham for helping to arrange money transfers for British arms dealer Hermant Lakhani, who was arrested in August 2003 after being caught in a government sting . Lakhani had tried to sell a missile to an FBI agent posing as a Somali militant . The definition of counterfeiting was expanded to encompass analog, digital or electronic image reproductions, and it was made an offense to own such a reproduction device . Penalties were increased to 20 years imprisonment . Money laundering "unlawful activities" was expanded to include the provision of material support or resources to designated foreign terrorist organizations . The Act specifies that anyone who commits or conspires to undertake a fraudulent activity outside the jurisdiction of the United States, and which would be an offense in the U.S., will be prosecuted under 18 U.S.C. § 1029, which deals with fraud and related activity in connection with access devices . </P>

Which of the following statements about the u.s. patriot act is true