Latest Security - IRS Topics

There were 11,081 community banks in existence at the end of 1992, compared with 11,552 in 1991.

Safe Harbor / Non-disclosure / Ten Year Record Retention / Must Be Typed

There were 195,400 CMIR (Customs Form 4790) forms filed in 1991, representing $58 billion either entering or leaving the United States.

Question: We are having a hard time convincing our branch office people to fill out the $3,000 to $10,000 log carefully and forward it to us at the end of the month as they are supposed to

ATM cards can be used to buy tokens and rail passes in Philadelphia, Washington and on some lines in New York.

OVER $10,000 FILING REQUIREMENT TO HIT RETAILERS

Question: If we want the Federal Bureau of Investigation to investigate or prosecute a case for us in which we have taken a loss, can we give them copies of records without a subpoena?

As you can see from this issue, we are becoming actively involved in the certification process for security, compliance, and trust officers in financial institutions.

MONEY LAUNDERING TASK FORCE MAKES RECOMMENDATIONS

In 1948 there were less than 10,000 personal bankruptcies in the United States. In 1981 there were 360,000. In 1989 there were 725,000!