COMBINED HOLDINGS FOF PROP FUNDS LTD, IIT FUND, FONDITALIA, IOS VENTURE FUND OF CANADA, IOS INTERNATIONAL VENTURES FUND, REGENTS FUND NAME TOTAL POSITION OUTSTANDING SHARES FUNDS HOLDING C9/25/69 COMBINED HOLDINGS FOF PROP FUNDS LTD, IT FUND, FONDITALIA, IOS VENTURE FUND OF CANADA, IOS INTERNATIONAL VENTURES FUND, REGENTS FUND COMBINED HOLDINGS FOF PROP FUNDS LTD, IIT FUND, FONDITALIA, IOS VENTURE FUND OF CANADA, IOS INTERNATIONAL VENTURES FUND, REGENTS FUND FOREIGN BANK SECRECY TUESDAY, JUNE 9, 1970 U.S. SENATE, COMMITTEE ON BANKING AND CURRENCY, SUBCOMMITTEE ON FINANCIAL INSTITUTIONS, The subcommittee met, pursuant to adjournment, in room 5302, New Senate Office Building, Senator William Proxmire (chairman of the subcommittee) presiding. Present: Senators Proxmire and Bennett. Senator BENNETT. Ladies and gentlemen, Senator Proxmire, who is chairman of the subcommittee is appearing as a witness before another committee in the Senate, and therefore he has asked that I start the hearings. Our first witness today is the Honorable Eugene T. Rossides, Assistant Secretary of the Treasury for Enforcement and Operations. Mr. Secretary, if you will identify the people who are with you at the head table, and then you may proceed as you please. STATEMENT OF EUGENE T. ROSSIDES, ASSISTANT SECRETARY FOR ENFORCEMENT AND OPERATIONS, DEPARTMENT OF THE TREASURY; ACCOMPANIED BY ROBERT COLE, SPECIAL ASSISTANT FOR INTERNATIONAL TAX AFFAIRS; WILLIAM L. DICKEY, DEPUTY ASSISTANT SECRETARY; MICHAEL BRADFIELD, ASSISTANT GENERAL COUNSEL; BERNARD MEEHAN, SPECIAL ASSISTANT, COMPLIANCE STAFF, INTERNAL REVENUE SERVICE; AND ROBERT ROSTHAL, DEPUTY CHIEF, GOVERNMENT OPERATIONS SECTION, DEPARTMENT OF JUSTICE Mr. ROSSIDES. Thank you very much, Mr. Chairman. With great pleasure I introduce on my right Mr. Robert Cole, who is in charge of the International Tax legislative staff at the Treasury and who has been our executive secretary on the Treasury Task Force on Bank Secrecy. On my left is Mr. Ira Tannenbaum, attorney in our Tax Legislative staff and secretary of our Treasury Task Force. Also accompanying me is my deputy, Mr. William Dickey. On the far right is Mr. Bernie Meehan, special assistant on the Compliance Staff of the Internal Revenue Service. And on my far right is Mr. Robert Rosthal, deputy chief of the Government Operations section of the Department of Justice who has been working closely with us. Waiting right behind me is Michael Brodfield, Assistant General Counsel, Department of Treasury. |