Which act requires compliance during account opening procedures?

The USA PATRIOT Act is the correct choice as it specifically mandates compliance during account opening procedures. This act was established primarily to prevent money laundering and terrorist financing in the wake of the September 11 attacks. It imposes regulations on financial institutions to identify and verify the identity of their customers during the account opening process. This process, known as Customer Identification Program (CIP), requires banks to establish procedures to verify the identity of individuals opening accounts, which is crucial for maintaining the integrity of the financial system and ensuring that institutions do not inadvertently facilitate illegal activities.

In contrast, while the Fair Housing Act and the Equal Credit Opportunity Act address important issues related to fair access to credit and housing, they do not specifically govern account opening procedures in the same way. The Dodd-Frank Act focuses on financial reform and consumer protection but does not primarily regulate the compliance checks during account opening like the USA PATRIOT Act does. Thus, the USA PATRIOT Act stands out as the legislation that directly impacts account opening compliance.