DEAN KLEVAN, PRESIDENT AND CEO OF CORAL GABLES TRUST COMMENTS ON PATRIOT ACT AND ITS IMPACT ON SOUTH FLORIDA - Miami Herald

"One trend of some institutions is open platform," says Dean Klevan, Jr., President and CEO of Coral Gables Trust Company.

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"The Patriot Act has made doing international business harder, with compliance much harder," says Klevan, though client scrutiny was always part of the private banking process. In a way, it's just more of the same for private bankers and financial advisers, who make a living from learning about personal fortunes." They have simply upped the awareness level of knowing your client, that has simply put in good business practices," he says." Unfortunately, they are expensive practices." Overall, however, Klevan is not too worried about the impact of the Patriot Act on South Florida.