Lee v. Bankers Trust Company

Case URL:

http://caselaw.findlaw.com/us-2nd-circuit/1374275.html

The 2nd Circuit Court of Appeals interpreted the "safe harbor" protection from liability for institutions filing an SAR and held there exists a broad and unambiguous provision for immunity from any law (except the federal Constitution) for any statement made in an SAR by anyone connected to a financial institution. There is not even a hint that the statements must be made in good faith in order to benefit from immunity.

First published on:

02/10/1999

Subject:

Bank Secrecy Act

Suspicious Activity Reporting

12/08/2023

$4,040,923

OFAC settles with Nasdaq, Inc., for $4,040,923 for apparent violations

Issued by OFAC