A subpoena is a court docket order that compels an individual or group to supply particular info or paperwork. Subpoenas are sometimes utilized in authorized proceedings to acquire proof or to compel testimony. Financial institution data will be subpoenaed in quite a lot of conditions, akin to when an individual is suspected of committing fraud or when a enterprise is being sued for damages.
Financial institution data can present beneficial details about an individual’s monetary historical past. This info can be utilized to show or disprove allegations of wrongdoing, to calculate damages, or to find property. In some circumstances, financial institution data could be the solely proof obtainable to show a declare.
