Ok, How can our financial institutions ignore this patriot act provision which guards against anyone with an unverifiable identity (illegal aliens) opening a bank account in our country? Are there any legal beagles to investigate this?

USA PATRIOT Act, Title III, Subtitle A

Sec. 326. Verification of identification
The Secretary of the Treasury was given the task of prescribing regulations that set forth the minimum standards that financial institutions must undertake to verify the identity of customers who open accounts.[43] The rules implementing section 326 became effective on June 9, 2003, although financial institutions had until October 1, 2003 to come into compliance.[44]The minimum requirements under the section require financial institutions to establish procedures to take reasonable and practicable measures to verify the identity of those applying for an account with the institution;[45] maintain records of the information used to verify a person's identity, including name, address, and other identifying information;[46] and to consult lists of known or suspected terrorists or terrorist organizations provided to the financial institution by any government agency to determine whether a person seeking to open an account appears on any such list. [47] When prescribing the regulations, the Secretary was ordered to take into account the types of accounts available to financial institutions, the various methods someone can use to open accounts, and the various types of identifying information available to the institutions. [48]

Under the Bank Holding Company Act of 1956, banks and other financial institutions are restricted from carrying out activities that do not relate to financial activities.[49][50] In these cases, the regulations must be prescribed jointly by the Secretary and each Federal functional regulator[51] appropriate for such financial institution.[52] The Secretary also has the power to exempt such instutitions from the regulations proscribed under section 326.[53]

The section also required a report with 6 months of the enactment of the Patriot Act from the Secretary of Treasury in consultation with Federal functional regulators as defined in the Gramm-Leach-Bliley Act. As such, on July 23, 2002 the Department of Treasury, FinCEN, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Commission (FDIC), the Office of Thrift Supervision (OTS) and the National Credit Union Association (NCUA) jointly released a joint notice of rule-making in the Federal Register for banks,[54] and Treasury simultaneously released an identical notice in the Federal Register for credit unions, private banks and trust companies who did not have a functional regulator.[55] After a considerable response, alterations to the proposed rule making were made and Treasury and the Federal functional agencies released 31 CFR 103.121. The regulation sets out the minimum requirements for setting up a Customer Identification Program (CIP). These requirements for the CIP are that it must:

be appropriate for the financial institution's size and type of business, and if it must have an anti-money laundering compliance program then the CIP must be part of this. Credit Unions, private banks and trust companies without a Federal functional regulator must have a CIP approved by their board of directors,
have identity verification procedures. These must include risk-based procedures that allow the bank to form a reasonable belief that it knows the indentities of each customer. The regulation specifies what is required to identify a customer. If a customer does not provide sufficient information to allow their verification the CIP must include procedures the bank must undertake. The procedures must cover (1) circumstances when the bank cannot verify the customer's identity; (2) should cover circumstances when the bank should not open an account; (3) specify what terms in which a customer may use an account while the bank tries to verify the customer's identity; (4) when a bank should close an account after being unable to verify a customer's identity; and (5) when a bank should file a Suspicious Activity Report,
have procedures for making and maintaining a record of all verification information gathered by the financial institution,
have procedures for determining whehter a customer appears on any government list of known or suspected terrorists or terrorist organisations — the bank must determine this within a "reasonable time",
have procedures for giving adequate notice to customers that the bank is requesting information to verify their identities, and
have procedures that specify when another financial institution will rely on another financial institution to perform any of the procedures set out in their CIP
The regulation allows any Federal regulator, in concurrence with the Secretary of Treasury, to exempt a bank or type of account from the regulations given.