Loading...
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.
View original story
Similar markets
Tightening regulations • 25%
Unclear outcome • 25%
No change • 25%
Loosening regulations • 25%
No • 50%
Yes • 50%
No change in ESG policies • 25%
Relaxed ESG regulations • 25%
Stricter ESG regulations • 25%
Other policy changes • 25%
Reduced overdraft limits • 25%
Introduction of new loan products • 25%
Increased fees for other services • 25%
No significant change • 25%
Relocation outside U.S. • 25%
Compliance with regulations • 25%
Other responses • 25%
Legal action taken • 25%
Less restrictive regulations • 25%
No significant change • 25%
More restrictive regulations • 25%
Unclear outcome • 25%
US Congress • 25%
No action • 25%
Department of Justice • 25%
Federal Bureau of Investigation • 25%
Other outcomes • 25%
Elimination of FDIC • 25%
Significant reduction in FDIC powers • 25%
No major changes • 25%