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 1
... purpose is not to focus criticism on other countries or to force them to change their bank secrecy laws . Instead , we are concerned with the enforce- ment of U.S. laws against U.S. citizens who violate those laws . Secret foreign bank ...
... purpose is not to focus criticism on other countries or to force them to change their bank secrecy laws . Instead , we are concerned with the enforce- ment of U.S. laws against U.S. citizens who violate those laws . Secret foreign bank ...
Page 4
... purpose of this section to require the 15 maintenance of appropriate types of records by insured banks 16 where such ... purposes of this section . 21 223 " ( c ) Each insured bank shall maintain such records 22 and other evidence as the ...
... purpose of this section to require the 15 maintenance of appropriate types of records by insured banks 16 where such ... purposes of this section . 21 223 " ( c ) Each insured bank shall maintain such records 22 and other evidence as the ...
Page 6
... purposes set forth in 12 section 21 of the Federal Deposit Insurance Act with re- 13 spect to insured banks . " 14 Sec ... purpose 16 ( a ) The Congress finds that adequate records main- 17 tained by businesses engaged in the functions ...
... purposes set forth in 12 section 21 of the Federal Deposit Insurance Act with re- 13 spect to insured banks . " 14 Sec ... purpose 16 ( a ) The Congress finds that adequate records main- 17 tained by businesses engaged in the functions ...
Page 7
... purpose . ( b ) It is the purpose of this chapter to require the main- tenance of appropriate types of records and the making of 5 appropriate reports by such businesses where such records or 6 7 9 reports may have a high degree of ...
... purpose . ( b ) It is the purpose of this chapter to require the main- tenance of appropriate types of records and the making of 5 appropriate reports by such businesses where such records or 6 7 9 reports may have a high degree of ...
Page 10
... Purposes 12 The purposes of this title are ( 1 ) to facilitate the super- 13 vision of financial institutions properly subject to Federal 14 supervision , ( 2 ) to aid duly constituted authorities in lawful 15 investigations , and ( 3 ) ...
... Purposes 12 The purposes of this title are ( 1 ) to facilitate the super- 13 vision of financial institutions properly subject to Federal 14 supervision , ( 2 ) to aid duly constituted authorities in lawful 15 investigations , and ( 3 ) ...
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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.