Nearly 70% of financial industry professionals believe the USA Patriot Act will achieve its projected goal of preventing terrorists from financing and money laundering via the U.S. financial systems, according to a recent poll by eFunds.

Only 31% are not very, or not at all confident the legislation will deter terrorist financing. One out of three financial execs polled think more due diligence is needed by the staff at financial institutions to help further prevent terrorists’ access to the U.S. systems. One-fifth of those polled said additional employee training is necessary.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.