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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 21— FINANCIAL RECORDKEEPING · § 1951

§ 1951. Congressional findings and declaration of purpose

546 words·~2 min read·/usc/title-12/section-1951

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(a)The Congress finds that certain records maintained by businesses engaged in the functions described in section 1953(b) of this title 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, and managements of types of financial institutions referred to in section 1952 of this title may be necessary for the same purpose.
(b)It is the purpose of this chapter to require the maintenance of appropriate types of rec­ords and the making of appropriate reports by such businesses in the United States where such records or reports have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings.
(Pub. L. 91–508, title I, § 121, Oct. 26, 1970, 84 Stat. 1116.)
Connections222 cite this · traces to 7
Cited by 222 sections · top 60
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12 references not yet in our index
  • Pub. L. 91–508, title I, § 121
  • 84 Stat. 1116
  • Pub. L. 91–508, title IV, § 401(a)
  • 84 Stat. 1125
  • 128 Stat. 1829
  • Pub. L. 91–508, title II
  • Pub. L. 91–508
  • 84 Stat. 1114
  • section 1730d of this title
  • 84 Stat. 1118
  • Pub. L. 97–258, § 4(b)
  • 96 Stat. 1067
Citation graph
cites case law
§ 1951
Congressional findings and declaration of purpose
Fed. Reg.×103
Bills×74
U.S.C.×27
Pub. L.×6
Stat. Comp.×6
Stat.×5
IRM×1
Pub. L.Pub. L. 91–508, title I, § 121
Stat.84 Stat. 1116
Pub. L.Pub. L. 91–508, title IV, § 401(a)
Stat.84 Stat. 1125
Stat.128 Stat. 1829
Cites 19 · showing 12Cited by 222 across 7 sources
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