Banking's Proposed "Know Your Customer" Rules
Description:
On December 7, 1998, federal banking regulators proposed regulations that would have required banks and thrifts to develop formal policies and procedures to identify unusual transactions in customers’ accounts to report as suspicious activity in conjunction with the federal laws outlawing money laundering. Although there were varied proposals before the 106th Congress on the issue, no legislation was enacted. The issue likeliest to command attention in the 107th Congress is international money …
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Date:
August 31, 2001
Creator:
Murphy, M. Maureen
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department