...insured banks. It contains congressional findings "that adequate records maintained by insured banks have a high degree of usefulness in criminal, tax, and regulatory investigations and proceedings." The major requirements 'See n. 11, infra. of the section are that insured banks record the identities...

...group has done adequate work .so as to determine the records of purely domestic transactions which are likely to have a high degree of usefulness in...tax and regulatory investigations and proceedings. We feel that it is unwise to adopt legislation with such mandatory requirements on the ground that...

...other group has done adequate work so as to determine the records of purely domestic transactions which are likely to have a high degree of usefulness in...tax and regulatory investigations and proceedings. We feel that it is unwise to adopt legislation with such mandatory requirements on the ground that...

...amendments that would have limited all recordkeeping and reporting requirements of HR 15073 to those which are likely to have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings. However, the committee adopted this significant limitation...

...microfilming of all checks unless we established by careful study that copies of certain checks did not have a high degree of usefulness in criminal, tax, and regulatory investigations or proceedings. Thus, we were obliged to make a negative finding that checks did not have a high degree...

...banks and other financial institutions to maintain records of bank transactions where such records have a high degree of usefulness in criminal, tax, and regulatory investigations. We are equally anxious to preserve the individual's right of privacy and the confidential relationship...

...Congress (Section 101 of Public Law 91-508) ". . . that adequate records maintained by insured banks have .a high degree of usefulness in criminal, tax, and regulatory investigations and proceedings.'' I think, that law enforcement is greatly aided by law enforcement agency access to these bank records....

...records maintained by businesses engaged in the functions described in section 128 (b) of this Act have a high degree of usefulness in criminal, tax, and regulatory investigations and proceedings. The Congress further finds that the power to require reports of changes in the ownership, control,...

...customers. The erstwhile purpose of the Bank Secrecy Act in requiring these records and reports is that they "have a high degree of usefulness in criminal, tax, and regulatory investigations and proceedings." Since the term "criminal, tax, and regulatory investigations and proceedings" includes in its broad...

...insured banks. It contains congressional findings "that adequate records maintained by insured banks have a high degree of usefulness in criminal, tax, and regulatory investigations and proceedings." The major requirements of the section are that insured banks record the identities of persons having...