| United States. Internal Revenue Service - 1974
...insured banks. It contains congressional findings "that adequate records maintained by insured banks have a high degree of usefulness in criminal, tax, and regulatory investigations and proceedings." The major requirements 'See n. 11, infra. of the section are that insured banks record the identities... | |
| United States. Congress. Senate. Committee on Banking and Currency - 1970 - 1242 pages
...currency reports, to the extent it is found that such records and reports in (1), (2), (3), and (4) are likely to have a high degree of usefulness in...tax, and regulatory investigations and proceedings. A second bill that we are working on would ameiid the Internal Revenue Code to provide a specific penalty... | |
| United States. Congress. Senate. Committee on Banking and Currency - 1970 - 378 pages
...and (iv) requiring Treasury Currency Reports, to the extent it is found that such records and reports are likely to have a high degree of usefulness in...tax and regulatory investigations and proceedings ; A bill amending the Internal Revenue Code to provide a specific penalty for failure to comply with... | |
| United States. Dept. of the Treasury - 1970 - 880 pages
...amendments that would have limited all recordkeeping and reporting requirements of HR 15073 to those which are likely to have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings. However, the committee adopted this significant limitation... | |
| United States. Congress. Senate. Banking and Currency Committee - 1972 - 540 pages
...banks and other financial institutions to maintain records of bank transactions where such records have a high degree of usefulness in criminal, tax, and regulatory investigations. We are equally anxious to preserve the individual's right of privacy and the confidential relationship... | |
| United States. Congress. Senate. Committee on the Judiciary - 1973 - 212 pages
...Congress (Section 101 of Public Law 91-508) ". . . that adequate records maintained by insured banks have .a high degree of usefulness in criminal, tax, and regulatory investigations and proceedings.'' I think, that law enforcement is greatly aided by law enforcement agency access to these bank records.... | |
| United States. Congress. Senate. Banking, Housing and Urban Affairscommittee - 1974 - 228 pages
...customers. The erstwhile purpose of the Bank Secrecy Act in requiring these records and reports is that they "have a high degree of usefulness in criminal, tax, and regulatory investigations and proceedings." Since the term "criminal, tax, and regulatory investigations and proceedings" includes in its broad... | |
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