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#482116 - 01/12/06 03:12 PM Bank Secrecy Act
CUPCAKE Offline
New Poster
Joined: Nov 2002
Posts: 9
We receive many subpoena's from law enforcement, IRS, etc. My question is should we only look at criminal subpoena's or does someone have to do due diligence research on all legal requests. I know when Regulatory Audits are performed, they always ask if we are looking at subpoena's for suspicious transactions. Where can I find information regarding this subject?

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BSA/AML/CIP/OFAC Forum
#482117 - 01/12/06 03:52 PM Re: Bank Secrecy Act
BrendaC Offline
Power Poster
BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
We refer only criminal subpoenas and other requests by law enforcement to our BSA Dept for due diligence review. We are not interested in civil matters such as divorce.
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