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$10,000 in 1970 = $36,000 in 1992
09/01/1992
In an article in the American Banker on July 23, John Byrne pointed out that when the Bank Secrecy Act was signed into law in 1970, the $10,000 threshold was reasonable. Lawmakers agreed.
Statistics, Facts & Such
09/01/1992
There were 195,400 CMIR (Customs Form 4790) forms filed in 1991, representing $58 billion either entering or leaving the United States.
Attention!...Loan Officers
09/01/1992
It is small comfort to the financial institutions in this country that are plagued with regulations to know that other sectors of American industry are soon going to have much the same headaches we
Why Is That?
08/01/1992
"Did you ever notice," asked Bob Chamness when discussing Bank Secrecy Act examinations, "that examiners have an unerring ability to find the teller you hired yesterday?"
Statistics, Facts & Such
08/01/1992
In 1985 Financial institutions filed 1,300,000 (1.3 million) CTRs-approximately 2 per week for every financial institution in the United States.