Money Laundering Control Act of 1986 and the Regulations Implementing the Bank Secrecy Act: Hearings Before the Subcommittee on Financial Institutions Supervision, Regulation, and Insurance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One-hundredth Congress, First Session, May 6 and June 9, 1987

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Page 285 - State member bank shall develop and provide for the administration of a security program to protect each of its banking offices from robberies, burglaries, and larcenies and to assist in the identification and apprehension of persons who commit such acts.
Page 392 - ... (e) No director, officer, attorney, agent, or employee of the bank shall in any manner, directly or indirectly, participate in the deliberation upon or the determination of any question affecting his personal interests, or the interests of any corporation, partnership, or association in which he is directly or indirectly personally interested.
Page 394 - ... appropriate Federal banking agency, any other person participating in the conduct of the affairs...
Page 359 - Transaction in currency. A. transaction involving the physical transfer of currency from one person to another. A transaction which is a transfer of funds by means of bank check, bank draft, wire transfer, or other written order, and which does not include the physical transfer of currency is not a transaction in currency within the meaning of this part.
Page 394 - Such order may, by provisions which may be mandatory or otherwise, require the bank and its directors,, officers, employees, and agents to cease and desist from the same, and, further, to take affirmative action to correct the conditions resulting from any such violation or practice.
Page 319 - Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Federal Home Loan Bank Board, and the National Credit Union Administration.
Page 394 - ... termination of insurance of accounts. The most flexible supervisory tool available to the Board is cease-and-desist authority. Under this authority, the Board may issue an order that an institution and its directors, officers, employees and agents cease and desist from a violation of a law or regulation and take affirmative action to correct the conditions resulting from any such violation or practice.
Page 181 - System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Federal Home Loan Bank Board. The four named regulators of financial institutions are referred to herein as the "Supervisory Agencies.
Page 330 - The compliance program shall, at a minimum: (1) Provide for a system of internal controls to assure ongoing compliance; (2) Provide for independent testing for compliance to be conducted by...
Page 362 - A record of each receipt of currency, other monetary instruments, investment securities or checks, and of each transfer of funds or credit, of more than $10,000 received...

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