Oct 22, 2018
Joseph Moreno comments on the importance of maintaining the confidentiality of suspicious activity reports (SARs).
An excerpt from, "Treasury Leak Case Could Chill Banks' Reporting of Suspicious Activities," Wall Street Journal, October 22, 2018:
Banks and other financial institutions work hard to ensure the secrecy of the SARs to protect the privacy of the individuals identified in them and the methodology used to spot the suspicious activity in the first place, said Joseph Moreno, a partner at the firm Cadwalader Wickersham & Taft LLP.
"Law enforcement and other government officials know how important it is to maintain the confidentiality of SARs, which for years have largely not seen the light of day," said Mr. Moreno, who previously served in the counterterrorism section of the Justice Department.
We have provided a compendium of our materials to help you navigate this unprecedented environment.