Which act is responsible for addressing international money laundering?

The PATRIOT Act is specifically designed to combat terrorism and, as a part of its provisions, it addresses international money laundering. Enacted in response to the September 11 attacks in 2001, the PATRIOT Act expanded the powers of law enforcement agencies to prevent and detect it. One of the critical components of the act is the requirement for financial institutions to establish anti-money laundering programs, which include reporting suspicious activities and verifying the identity of their customers. This proactive approach helps track and prevent funds that may be linked to criminal activities across borders.

The other acts listed do not primarily focus on combating money laundering. The Dodd-Frank Act mainly addresses financial regulatory reforms following the 2008 financial crisis, emphasizing consumer protection and risk management in financial institutions. The Fair Credit Reporting Act is centered around the privacy of consumer information and the accuracy of credit reporting. Finally, the Gramm-Leach-Bliley Act primarily deals with the integration of banking, securities, and insurance industries, along with the protection of consumers' personal financial information, rather than international money laundering tactics.