12 U.S.C. § 3420 : US Code - Section 3420: Grand jury information; notification of certain persons prohibited

Search 12 U.S.C. § 3420 : US Code - Section 3420: Grand jury information; notification of certain persons prohibited

(a) Financial records about a customer obtained from a financial
institution pursuant to a subpena issued under the authority of a
Federal grand jury -
(1) shall be returned and actually presented to the grand jury
unless the volume of such records makes such return and actual
presentation impractical in which case the grand jury shall be
provided with a description of the contents of the records.; (!1)
(2) shall be used only for the purpose of considering whether
to issue an indictment or presentment by that grand jury, or of
prosecuting a crime for which that indictment or presentment is
issued, or for a purpose authorized by rule 6(e) of the Federal
Rules of Criminal Procedure, or for a purpose authorized by
section 3412(a) of this title;
(3) shall be destroyed or returned to the financial institution
if not used for one of the purposes specified in paragraph (2);
and
(4) shall not be maintained, or a description of the contents
of such records shall not be maintained by any Government
authority other than in the sealed records of the grand jury,
unless such record has been used in the prosecution of a crime
for which the grand jury issued an indictment or presentment or
for a purpose authorized by rule 6(e) of the Federal Rules of
Criminal Procedure.
(b)(1) No officer, director, partner, employee, or shareholder
of, or agent or attorney for, a financial institution shall,
directly or indirectly, notify any person named in a grand jury
subpoena served on such institution in connection with an
investigation relating to a possible -
(A) crime against any financial institution or supervisory
agency or crime involving a violation of the Controlled Substance
Act [21 U.S.C. 801 et seq.], the Controlled Substances Import and
Export Act [21 U.S.C. 951 et seq.], section 1956 or 1957 of title
18, sections 5313, 5316 and 5324 of title 31, or section 6050I of
title 26; or
(B) conspiracy to commit such a crime,
about the existence or contents of such subpoena, or information
that has been furnished to the grand jury in response to such
subpoena.
(2) Section 1818 of this title and section 1786(k)(2) of this
title shall apply to any violation of this subsection.