Market
What changes will banks make to SAR reporting policies by end of 2025?
2
House Judiciary Committee•Americans•Suspicious Activity Report•Judiciary Committee•Bill of Rights•American•Bank Secrecy Act
Resolution / Starting Odds
Tightened reporting standards • 25%
No change in policies • 25%
Increased transparency measures • 25%
Other changes • 25%
Official statements from major banks or financial institutions
Story
House Judiciary Reports Feds Using Suspicious Activity Reports to Surveil Americans' Financial Data Without Warrants
Dec 6, 2024, 04:29 PM
The House Judiciary Committee has reported that federal law enforcement agencies are using banks to surveil Americans' financial data without obtaining warrants. This practice reportedly involves the manipulation of the Suspicious Activity Report (SAR) system, allowing access to individuals' financial information without probable cause. The Judiciary Committee's findings raise concerns about potential violations of the Bill of Rights and the privacy of American citizens. The report highlights how the federal government has weaponized the Bank Secrecy Act to conduct surveillance on the populace, prompting discussions about the implications for financial privacy.
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Similar markets
No change • 25%
Unclear outcome • 25%
Tightening regulations • 25%
Loosening regulations • 25%
No • 50%
Yes • 50%
No change in ESG policies • 25%
Stricter ESG regulations • 25%
Relaxed ESG regulations • 25%
Other policy changes • 25%
No significant change • 25%
Reduced overdraft limits • 25%
Increased fees for other services • 25%
Introduction of new loan products • 25%
Legal action taken • 25%
Relocation outside U.S. • 25%
Compliance with regulations • 25%
Other responses • 25%
Unclear outcome • 25%
Less restrictive regulations • 25%
More restrictive regulations • 25%
No significant change • 25%
US Congress • 25%
No action • 25%
Department of Justice • 25%
Federal Bureau of Investigation • 25%