Foreign Bank Secrecy, Hearing Before the Subcommittee on Financial Institutions of ..., 91-2 on S.3678 and H.R. 15073 ..., June 8, 9, 10 and 11, 1970 |
Common terms and phrases
abroad amended American banks authority Bahamas Bernard Cornfeld bill borrow broker-dealer brokerage Chairman checks Committee CORP corporation crime criminal currency deposit disclose disclosure dollars domestic effect Eurodollar Exchange Commission Federal Reserve Board filed financial institutions foreign bank accounts foreign financial agency foreign investment Fund of Funds illegal income interest Internal Revenue Service international transactions investigation Investment Company Investors Overseas Services involved law enforcement legislation lender loans margin requirements ment million monetary instruments MORGENTHAU mutual funds National Bank penalty persons provisions purchase purpose recordkeeping records registered regulatory reporting requirements ROSSIDES secrecy laws secret foreign bank Secretary Securities and Exchange Securities Exchange Act sell Senator BENNETT Senator PROXMIRE shares statement Swiss bank Switzerland tax evasion testimony tion trade Treasury U.S. banks U.S. citizens U.S. dollar U.S. securities United violation WILSON York York Stock Exchange
Popular passages
Page 206 - Board, on the ground that the testimony or evidence required of him may tend to incriminate him or subject him to a penalty or forfeiture ; but no Individual shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he Is compelled, after having claimed his privilege against self-incrimination, to testify or produce evidence, except that such individual so testifying shall not be exempt from prosecution and punishment for...
Page 286 - 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 17 - 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 339 - ... have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings...
Page 172 - 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 113 - ... per centum or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote, by such...
Page 113 - ... any person directly or indirectly controlling, controlled by, or under common control with, such other person...
Page 147 - ... 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 97 - ... by the use of means and instruments of transportation and communication in interstate commerce and of the mails...
Page 105 - 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.