A grand jury subpoena has requested a picture of a person making a transaction at our teller line that is no longer in our records. Is there a requirement the bank is supposed to comply with for how long our camera records are retained?
Our recent examiner said we must work up a potential SAR report for summonses & subpoenas. Does this apply if the subpoena is on a former customer (currently closed)?
Is it legal to have a direct deposit credit under one person's name deposited into a checking account for another person? It is not a joint account. Both customers have authorized the deposit. There are two deposits, both of them government.
Is there any legal reason to require an individual to use their personal name on a sole proprietor account instead of the business name? I understand the mismatch issue with the IRS and the SSN, but it will not be an interest bearing account.
We receive subpoenas that require us to research the requested information. We charge customers for research - what is the norm for charging government agencies due to receiving a subpoena requiring extensive research to supply the information? Or can we even charge a government agency?
If we receive subpoenas from municipal and government agencies, are we required to notify out customers that an agency is looking at their accounts?
If we receive subpoenas from municipal and government agencies, are we required to notify our customers that an agency is looking at their accounts?
It has been a while since I have received and worked on subpoenas and I am not sure of the basic rules. If the subpoena asks for any and all records on X account and any other account in the name of John Doe and John Doe is a cosigner on Jane Doe's account, do we provide those documents also and if so doesn't Jane need to be notified by the sender of the subpoena?
Concerning the Right to Financial Privacy Act and subpoenas: When we receive a subpoena, has the government authority who issued it already notified the customer at least 10 days in advance, or does the government mail/deliver the subpoena to the bank and customer at the same time? This would mean the bank must wait at least 10 days to provide the information in order for the customer to have time to stop the request.