[FDIC view on] Senate Bill S. 2327 and House of Representatives Bill H.R. 3848 Money Laundering Legislation

Details

• Publisher's site:
  https://www.fdic.gov/|FDIC.gov
• Personal Author:
  Arthur L. Beamon
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  Associate General Counsel, Compliance & Enforcement Section, Legal Division, before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, May 18, 1990. Brief explanation of how the FDIC identifies money laundering in banks under its supervision and what actions are taken to refer that activity for criminal or civil prosecution. The FDIC agrees with the goals of S. 2327 and H. R. 3848, that removal from the banking business can be an appropriate remedy for depository institutions and individuals associated with them who engage in money laundering activities but have recommendations.
• Dataset Download URL:
  https://www.fdic.gov/news/speeches/
• Format:
  PDF
• Release Date:
  05/18/1990
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC) ; Internal Revenue Service (IRS) ; U.S. Department of the Treasury ; Resolution Trust Corporation (RTC)
• Congressional Committee Involved:
  Senate Committee on Banking, Housing, and Urban Affairs
• Fdic Employee Involved:
  Arthur L. Beamon
• Law Involved:
  Federal Deposit Insurance Act (FDI Act) ; Right to Financial Privacy Act of 1978 (RFPA) ; Bank Secrecy Act (BSA)
• Other Notable People Involved:
  John Forbes Kerry ; Alfonse Marcello D'Amato
• Source:
  FDIC Library Collection
• Main Document Checksum:
  urn:sha-512:427b397ff856aaa2a23a133b36dbe669f99338b955a580ee71cccd743159fca2987d1bb4ac90f7fda11b02934c756fa57645900f7e7ac61683405620f330b47f
• Download URL:
  https://archive.fdic.gov/view/fdic/12342/fdic_12342_DS1.pdf
• File Type:
  [PDF - 2.23 MB ]