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#1810556 - 05/02/13 11:26 PM Grand Jury Subpoena request
ABT Offline
Junior Member
Joined: Nov 2010
Posts: 32
We received a Grand Jury Subpoena requesting CTR and SAR copies. How should we respond?

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BSA/AML/CIP/OFAC Forum
#1810568 - 05/03/13 01:19 AM Re: Grand Jury Subpoena request ABT
Greg Offline
Platinum Poster
Joined: May 2004
Posts: 833
Michigan
My opinion:

CTR - no problem.
SAR - call your regulator.
_________________________
If you approach life with pure logic you can avoid almost all of the fun.

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#1810572 - 05/03/13 01:53 AM Re: Grand Jury Subpoena request ABT
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,293
Galveston, TX
I thought they OK'd the release of SARs through a grand jury subpoena?

This standard would permit, for
example, official disclosures responsive
to a grand jury subpoena; a request from
an appropriate Federal or State law
enforcement or regulatory agency; a
request from an appropriate
Congressional committee or
subcommittees; and prosecutorial
disclosures mandated by statute or the
Constitution, in connection with the
statement of a government witness to be
called at trial, the impeachment of a
government witness, or as material
exculpatory of a criminal defendant.

http://www.gpo.gov/fdsys/pkg/FR-2010-12-03/pdf/2010-29869.pdf
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#1810575 - 05/03/13 02:39 AM Re: Grand Jury Subpoena request ABT
Greg Offline
Platinum Poster
Joined: May 2004
Posts: 833
Michigan
I would still call my regulator.
_________________________
If you approach life with pure logic you can avoid almost all of the fun.

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