Bank Secrecy Act Reporting Requirements: Joint Hearing Before the Subcommittee on General Oversight and Investigations and the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Banking and Financial Services, U.S. House of Representatives, One Hundred Sixth Congress, First Session, April 20, 1999, Volume 4 |
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Act examination activity reporting requirements agents anti-money laundering Attorney bank accounts Bank Secrecy Act banking industry banking organizations BSA data BSA reporting BYRNE cash Chairman KING Chairwoman ROUKEMA Committee compliance conduct CONGRE CONGRESS THE LIBRARY conspiracy crime and money criminal activity Currency Transaction Report deposits drug money laundering efforts ensure FDIC Federal Reserve filed financial crimes financial institutions financial privacy Financial Services financial system FinCEN fraud funds identify illegal activity illicit important Institutions and Consumer involved issue JOHNSON Know Your Customer KYC proposal law enforcement law enforcement agencies LIBRARY OF CONGRESS million monetary instruments money laundering monitoring narcotics Nojeim Office Operation Oversight and Investigations proposed Know prosecution protect records regulatory Reserve's statement strategy Subcommittee suspected Suspicious Activity Reports target Task Force Thank Treasury Department U.S. Customs undercover United VELÁZQUEZ Vento WARREN wire transfers York
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Page 121 - Nation's banks, brings together all categories of banking institutions to best represent the interests of this rapidly changing industry. Its membership — which includes community, regional, and money center banks and holding companies, as well as savings associations, trust companies and savings banks — makes ABA the largest banking trade association in the country.
Page 132 - ABA brings together all elements of the banking community to best represent the interests of this rapidly changing industry. Its membership— which includes community, regional, and money center banks and holding companies, as well as savings institutions, trust companies, and savings banks — makes ABA the largest banking trade association in the country.
Page 123 - It is the purpose of this subchapter (except section 5315) to require certain reports or records where they have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings, or in the conduct of intelligence or counterintelligence activities, including analysis, to protect against international terrorism.
Page 163 - Multiple currency transactions shall be treated as a single transaction if the financial institution has knowledge that they are by or on behalf of any person and result in either cash in or cash out totalling more than $10,000 during any one business day.
Page 144 - ... knows, suspects, or has reason to suspect that: i. The transaction involves funds derived from illegal activities or is intended or conducted in order to hide or disguise funds or assets derived from illegal activities (including, without limitation, the ownership, nature, source, location, or control of such funds or assets) as part of a plan to violate or evade any law or regulation or to avoid any transaction reporting requirement...
Page 169 - You should have the right to choose whether your personal information is disclosed; you should have the right to know how, when, and how much of that information is being used; and you should have the right to see it yourself, to know if it's accurate.
Page 144 - ... transaction" includes a purchase, sale, loan, pledge, gift, transfer, delivery, or other disposition, and with respect to a financial institution includes a deposit, withdrawal, transfer between accounts, exchange of currency, loan, extension of credit, purchase or sale of any stock, bond, certificate of deposit, or other monetary instrument, use of a safe deposit box, or any other payment, transfer, or delivery by, through, or to a financial institution, by whatever means effected; (4) the term...
Page 54 - Before the Subcommittee on Financial Institutions And Consumer Credit of the House Committee on Banking And Financial Services at 1-2 (Feb.
Page 116 - Department, to the extent and in the manner required by this section, a report of any suspicious transaction relevant to a possible violation of law or regulation.
Page 53 - In a sense a person is defined by the checks he writes. By examining them the agents get to know his doctors, lawyers, creditors, political allies, social connections, religious affiliation, educational interests, the...