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If the bank is on foreign soil, how will they do this? They would need either the government or company in question to go along with this. I'm not saying whether they would or wouldn't, just suggesting they will need some cooperation to make this happen.
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The bank does not have to do business in the US, it just has to do business with US banks. Here's a 2003 NYT article:
http://foi.missouri.edu/usapatriotact/uscautiously.html
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Most overseas banks maintain what are called "correspondent accounts" in American banks, allowing them to exchange American currency and handle other financial transactions in this country. Section 319 of the Patriot Act, as the legislation that grew out of the Sept. 11 attacks is known, allows federal authorities to seize money from the foreign bank's correspondent account if they can convince a judge that the money deposited overseas at the bank was obtained illicitly.
Information about the seizures has been tightly guarded, and federal judges have sealed the records on most of them. The Justice Department acknowledged two cases in which authorities have seized a total of more than $2 million from foreign banks, but declined to give the total number of seizures.
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