Improve your experience. We are very sorry but this website does not support Internet Explorer. We recommend using a different browser that is supported such as Google Chrome or Mozilla Firefox.

How To: Complete a Suspicious Activity Report

Suspicious Activity Reports (SARs) must be submitted by an organisation or individual who knows or suspects that another party is engaged in money laundering. Submitting a SAR provides valuable information to law enforcement teams about potential criminality and allows investigators to join the dots on existing criminal activity or identify new sources of criminal behaviour.

Description

Suspicious Activity Reports (SARs) must be submitted by an organisation or individual who knows or suspects that another party is engaged in money laundering. Submitting a SAR provides valuable information to law enforcement teams about potential criminality and allows investigators to join the dots on existing criminal activity or identify new sources of criminal behaviour.

A Defence Against Money Laundering SAR (DAML SAR) may also be required if you have a suspicion that property you intend to deal with is in some way criminal property and that by dealing with it, you risk committing an offence. How do you protect yourself in that situation?

In this webinar we will look at the reporting requirements and the information sharing aspect of the SARs regime, and where to find the SAR online portal.  We will consider the information required to complete the SAR, what you should present and why. Practical hints and tips will be provided throughout the session.

This One Hour Session is designed to clarify your reporting requirements and streamline your internal process and procedures.

CPD Learning Outcomes

  • What is a SAR and why you need to complete one
  • AML information sharing in the UK and where we fit in as IPs
  • Locating and registering on the SAR Online Portal
  • What does a good SAR look like
  • Collating the information you need for a SAR
  • How to report and what to report 
  • What is a DAML SAR and why you need to complete one
  • How to complete a DAML SAR 
  • Sharing a SAR with your RPB

Who Should Attend

Anyone in insolvency responsible for the drafting or preparation of AML Suspicious Activity Reports, and anyone looking for a detailed introduction or refresher on the subject. Ideal for staff members and Nominated Officers alike.

Qualifies as part of your statutory training requirements per Reg 24 of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended).

Cost

£55 + VAT per person.

50% reduction for every third one hour session you book.

Webinar fee includes electronic version of course documentation.

Team Booking Discount 

  5-10 team members - £200 + VAT
11-25 team members - £375 + VAT
26-50 team members - £500 + VAT
50+ price on application

If you are looking to make a team booking, please email courses@insolvencysupportservices.com

Booking Terms

The purchase of an ISS Training webinar recording permits single user access only for use by the registered delegate and access information should not be forwarded on to third parties. The copying and/or distribution of an ISS Training webinar recordings or materials is not permitted. Responsibility for the confidentiality of webinar registration information and materials issued by ISS Training lies with the registered delegate and purchaser.

Press enter to see more results