Answer:
Yes. The law doesn't carve out an exception for the law enforcement community. In fact, there are a number of instances in which IRS agents have allegedly contacted the targets of SARs for crimes like structuring, supposedly to advise the customer to quit violating the law. Bankers have expressed frustration that this practice can cause problems for the banks that have filed SARs (it's easy for a customer to understand where a SAR comes from when someone says "a bank has filed a report that you appear to be structuring deposits to your accounts to avoid federal government reporting requirements"). There is a thread on just this topic on Bankers' Threads.
First published on BankersOnline.com 7/30/07
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