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Grand jury Subpoenas and SARs

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Should we file a SAR if we get a grand jury subpoena?

The bank should determine whether a SAR should be filed based on all customer information available. Due to the confidentiality of grand jury proceedings, if a bank files a SAR after receiving a grand jury subpoena, law enforcement discourages banks from including any reference to the receipt or existence of the grand jury subpoena in the SAR. Rather, the SAR should reference only those facts and activities that support a finding of suspicious transactions identified by the bank.


Learn more about Deborah Crawford’s

SAR Decision Making and Filing webinar.

First published on 01/17/2021

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