Bank's Internal Suspicious Activity Reports Not Subject To Discovery
Federal law prohibits national banks from providing a "Suspicious Activity Report" in discovery. But are they also prohibited from producing internal reports generated as part of procedures for preparing SAR's?
Yes, according to the First District Court of Appeal in Union Bank of California, N.A. v. Superior Court, 05 C.D.O.S. 5259 (June 17, 2005).
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