Patriot Act

Eliot Spitzer is a Politically Exposed Person (PEP) and not only in the way you might think. Section 312 of the Patriot Act requires US financial institutions to monitor all accounts for suspicious activities and handle all PEPs with greater scruitiny. In Spitzer’s case, his own bank had labeled him a PEP and was tracking his
financial transactions more closely than those of a “typical” customer.