Subpoenas & filing SARs

Posted By: CantBeShocked

Subpoenas & filing SARs - 05/08/08 04:57 PM

I have always been told to never mention that you've received a subpoena when filing a SAR - especially if you are filing one because you received a subpoena and your review found evidence of suspicious activity.

Is this your understanding also?
Posted By: rlcarey

Re: Subpoenas & filing SARs - 05/08/08 06:36 PM

Only if is a grand jury subpoena, NSL or other legal request that requires confidentiality. Otherwise, there is no problem with mentioning the subpoena in the SAR.