Court:
U.S. Court of Appeals
(First Circuit)

Amicus Issue:
Whether the safe harbor provision of the Bank Secrecy Act provides unqualified protection to a financial institution and its employees from civil liability for filing a Suspicious Activity Report (SAR), or whether a financial institution and its employees must have a good faith belief that a possible violation of law occurred before filing a SAR.

Counsel of Record:
Skadden, Arps, Slate, Meagher & Flom LLP

Colleen P. Mahoney
James R. Carroll
Alisha Q. Nanda
Immanuel R. Foster

Other Amici:
None