12 U.S.C. § 1951 : US Code - Section 1951: Congressional findings and declaration of purpose

Search 12 U.S.C. § 1951 : US Code - Section 1951: Congressional findings and declaration of purpose

(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.