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Miami Judge Set to Rule on Admissibility of SARs in Ocean Bank Lawsuit
By Colby Adams
printA Florida judge will rule Tuesday whether attorneys can discuss the possible filing of a suspicious activity report that allegedly triggered a wrongful termination lawsuit against a Miami community bank. In a civil complaint filed on March 19, Niurka Sanchez, formerly of Miami-based Ocean Bank's wealth management division, claims she was fired in November 2008 for reporting suspicious activity related to a wealthy Venezuelan customer and "intimate friend" of bank president A. Alfonso Macedo. The complaint makes no explicit reference to the filing of a suspicious activity report (SAR)-a disclosure that would be illegal under U.S. federal statutes. But James...
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