Bank's Internal Suspicious Activity Reports Not Subject To Discovery
Question: 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?
Answer: 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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