In which of the following cases can a financial institution disclose a suspicious activity report (SAR)?

The correct answer is A. A court order requests the bank to disclose the SAR subject to obtaining agreement from the. A financial institution may disclose a SAR only under a valid court order and after ensuring legal review and compliance with jurisdictional requirements. In most jurisdictions, SARs are highly confidential, and unauthorized disclosure - known as "tipping off" - is prohibited.

Conducting and Responding to Investigations

Question

Options

AA court order requests the bank to disclose the SAR subject to obtaining agreement from the
BA customer asks about potential reporting to the local Financial Intelligence Unit (Fill)
CAn external consultant inquires about the details of the SAR
DA third-country police directly inquires about the customer.

How the community answered

(59 responses)

A
78% (46)
B
14% (8)
C
5% (3)
D
3% (2)

Explanation

A financial institution may disclose a SAR only under a valid court order and after ensuring legal review and compliance with jurisdictional requirements. In most jurisdictions, SARs are highly confidential, and unauthorized disclosure - known as "tipping off" - is prohibited.

Topics

#SAR confidentiality#suspicious activity report#court order#tipping off

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