Illegal Narcotics Profits: Hearing Before the Permanent Subcommittee on Investigations of the Committee on Governmental Affairs, United States Senate, Ninety-sixth Congress, First Session |
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abuse Araujo assessments Assistant audit Bank Secrecy Act believe BENSINGER billion cash Chairman NUNN CLANCY cocaine Colombia Commissioner committee compliance convictions cooperation coordination court criminal enforcement Criminal Investigation Division criminal tax currency transaction currency transaction reports Customs Department of Justice disclosure district dollars Drug Enforcement Drug Enforcement Administration drug trafficking effective efforts estimates figures fiscal Florida foreign going Government grand jury hearings heroin identify illegal activities illicit impact individual Internal Revenue Service involved Justice Department KURTZ law enforcement agencies legitimate major marihuana ment NATHAN organized crime percent problem procedures prosecution prosecutors question records request Senator CHILES Senator PERCY special agents statute STEINBERG strike force subcommittee summons tax evasion tax information Tax Reform Act tax return taxpayer testimony tion Treasury U.S. attorney United unreported income violations WASSENAAR
Popular passages
Page 113 - ... have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings...
Page 373 - I would ask each of you to please stand and raise your right hand. Do you swear the testimony you will give before this Subcommittee will be the truth, the whole truth, and nothing but the truth, so help you God. Mr.
Page 114 - ... and loan associations, and insured institutions as defined in section 401 of the National Housing Act; (4) To the Administrator of the National Credit Union Administration, with respect to Federal credit unions; (5) To the Federal Deposit Insurance Corporation, with respect to all other banks except agents of foreign banks which agents are not supervised by State or Federal bank supervisory authorities; (6) To the Securities and Exchange Commission, with respect to brokers and dealers in securities...
Page 117 - States with respect to overland shipments of currency or monetary instruments shipped to or received from an established customer maintaining a deposit relationship with the bank, in amounts which the bank may reasonably conclude do not exceed amounts commensurate with the customary conduct of the business, Industry or profession of the customer concerned...
Page 113 - In accordance with that authority, the responsibility for assuring compliance •with the requirements of the regulations has been delegated as follows : 1. To the Comptroller of the Currency, with respect to national banks and banks in the District of Columbia ; 2. To the Board of Governors of the Federal Reserve System, with respect to State bank members of the Federal Reserve System ; 3. To the Federal Home Loan Bank Board, with respect to insured building and loan associations, and insured institutions...
Page 313 - Health, Education, and Welfare in their responses did not take issue with any of the report's contents. The Departments of Justice, Transportation, and State, while generally agreeing with GAO's assessment of the drug problem and recommendations to address it, expressed some concern with certain...
Page 256 - Statutory provisions; canvass of districts for taxable persons and objects. SEC. 7601. Canvass of districts for taxable persons and objects — (a) General rule. The Secretary or his delegate shall, to the extent he deems it practicable, cause officers or employees of the Treasury Department to proceed, from time to time, through each internal revenue district and inquire after and concerning all persons therein who may be liable to pay any internal revenue tax...
Page 253 - Do you solemnly swear that the testimony you will give before the subcommittee will be the truth, the whole truth and nothing but the truth, so help you God ? Mr.
Page 117 - In each instance the transactions exempted under paragraph (b) of this section must be in amounts which the bank may reasonably conclude do not exceed amounts commensurate with the customary conduct of the lawful, domestic business of that customer...
Page 48 - Chairman and distinguished members of this committee, I am pleased to have the opportunity today to discuss with you the...