Foreign Bank Secrecy: Hearings, Ninety-first Congress, Second Session, on S. 3678 and H.R. 15073 ...U.S. Government Printing Office, 1970 - 350 pages |
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Page 29
... activities through new requirements , to be adminis- tered by the Secretary of the Treasury , for improved recordkeeping and reporting by banks and other financial institutions . The bill would also strengthen the Federal securities law ...
... activities through new requirements , to be adminis- tered by the Secretary of the Treasury , for improved recordkeeping and reporting by banks and other financial institutions . The bill would also strengthen the Federal securities law ...
Page 30
... activities of private persons and commercial financial institutions . As a technical matter , however , there is language in Sections 123 , 212–222 , 231 , and 241 of the bill that could be construed as applicable to the Federal Reserve ...
... activities of private persons and commercial financial institutions . As a technical matter , however , there is language in Sections 123 , 212–222 , 231 , and 241 of the bill that could be construed as applicable to the Federal Reserve ...
Page 58
... activities or to penetrate legitimate business . We see the SEC frustrated in its endeavors to prove securities violations when stock distribution or the transmission of proceeds are channeled through foreign banks . Competent evidence ...
... activities or to penetrate legitimate business . We see the SEC frustrated in its endeavors to prove securities violations when stock distribution or the transmission of proceeds are channeled through foreign banks . Competent evidence ...
Page 62
... activities in our office which were part of that same trend . Let me just list for you very briefly what the nature of some of those cases are because I think they give the setting of what the committee is considering today . Among the ...
... activities in our office which were part of that same trend . Let me just list for you very briefly what the nature of some of those cases are because I think they give the setting of what the committee is considering today . Among the ...
Page 63
... activities , investigating and prosecuting these cases , and we continue to find violations similar to and sometimes more sophisticated than those that have gone before . My formal statement today refers to the use of Swiss bank ...
... activities , investigating and prosecuting these cases , and we continue to find violations similar to and sometimes more sophisticated than those that have gone before . My formal statement today refers to the use of Swiss bank ...
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Common terms and phrases
abroad amended American banks authority Bahamas Bernard Cornfeld bill borrowers broker-dealer brokerage Chairman checks Committee CORP corporation crime criminal currency deposit disclose disclosure dollars domestic effect Eurodollar Exchange Commission filed foreign bank accounts foreign financial agency Fund of Funds illegal interest Internal Revenue Service international transactions Investment Company investors Investors Overseas Services involved jurisdiction law enforcement legislation lender LEVAL loan margin requirements ment microfilm million monetary instruments MORGENTHAU mutual funds National Bank penalty persons provisions purchase purpose recordkeeping records registered reporting requirements ROSSIDES secrecy laws secret foreign accounts secret foreign bank Secretary Securities and Exchange Securities Exchange Act sell Senator BENNETT Senator PROXMIRE shares short selling statement Swiss bank Switzerland tax evasion taxpayers testimony tion trade U.S. banks U.S. broker U.S. citizens U.S. dollar U.S. securities United violation WILSON York Stock Exchange
Popular passages
Page 290 - broker" means any person engaged in the business of effecting transactions in securities for the account of others, but does not include a bank.
Page 15 - Whenever it appears to any person authorized by the President to exercise authority under this title that any individual or organization has engaged, is engaged, or...
Page 178 - Act, the expressed purpose of which is to require records to be maintained because they "have a high degree of usefulness in criminal, tax, and regulatory investigations and proceedings.
Page 125 - ... per centum or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote, by such...
Page 125 - ... any person directly or indirectly controlling, controlled by, or under common control with, such other person...
Page 151 - ... willfully fails to pay such estimated tax or tax, make such return or declaration, keep such records, or supply such information, at the time or times required by law or regulations...
Page 105 - ... by the use of means and instruments of transportation and communication in interstate commerce and of the mails...
Page 117 - The doctrine of primary jurisdiction, like the rule requiring exhaustion of administrative remedies, is concerned with promoting proper relationships between the courts and administrative agencies charged with particular regulatory duties.
Page 208 - President to exercise the authority contained in this section to enforce orders and regulations issued under this title, that any person has engaged, is engaged, or is about to engage in any acts or practices...
Page 203 - financial institution" means any person which does business in any one or more of the following capacities : (1) an insured bank as defined in section 3 of the Federal Deposit Insurance Act; 6* stat.