To Amend the Currency and Foreign Transactions Reporting Act: Hearing Before the Subcommittee on Financial Institutions Supervision, Regulation and Insurance of the Committee on Banking, Finance and Urban Affairs, House of Representatives, Ninety-sixth Congress, Second Session ... January 29, 1980 |
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Common terms and phrases
amend the Currency attempt to export attempt to transport Bank Secrecy Act BRARY CARROLL HUBBARD cause to suspect Chairman ST GERMAIN Colombia Committee on Banking compensation to informers Comptroller CONGRESS LIBRARY CONGRESS THE LIBRARY criminal Currency and Foreign currency transactions currency without filing customs officials DOUG BARNARD Drug Enforcement Administration drug trafficking Federal filing the required Finance and Urban Financial Institutions Supervision flow Foreign Transactions Reporting fourth amendment Honorable Fernand House of Representatives illegal drug traffic illegal to attempt January 28 JIM MATTOX JON HINSON LaFalce leave the country leaving the United LIBRARY OF CONGRES LIBRARY OF CONGRESS MINISH officer officials to search persons present law probable cause provisions reasonable cause Regulation and Insurance reporting requirements Representatives Washington required reports RESS THE LIBRARY RON PAUL search for contraband search for currency search for illegal St Germain Chairman Subcommittee on Financial Transactions Reporting Act Treasury Department unreported currency violation warrantless search WYLIE
Popular passages
Page 35 - HR 4073 would amend Section 235 of the Act to allow Customs officers at the border to search for currency or other monetary instruments in excess of $5,000 when there is reasonable cause to suspect that a violation of the reporting requirements is occurring. When the Act was promulgated into law in 1970, Congress expressed its intent that searches for unreported currency, wherever conducted, should be made only where there is probable. cause to believe that a violation of the Act has occurred. However,...
Page 7 - STATEMENT OF HON. JOHN J. LaFALCE, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF NEW YORK Mr. LAFALCE.
Page 42 - States where such records have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings.
Page 19 - PREPARED STATEMENT OF HON. RON PAUL, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF TEXAS Mr. Chairman, I want to thank you for permitting me to testify this morning on this Important piece of legislation.
Page 17 - ... There is a great tendency to play it safe. If the officer in Government who is asked : "Does this violate the Hatch Act", says, "well, it may or it may not, but we are safe if we say don't do it" — that's the decision that often is going to be rendered when the question arises. I would like further to call the attention of the members of the subcommittee to a case which, it seems to me, has far-reaching consequences, decided by the Civil Service Commission in 1945, the case of George D. Hardman,...
Page 23 - Mr. WYLIE. I have no further questions, Mr. Chairman. Chairman ST GERMAIN.