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Effective suspicious activity reporting

Professional Development

Overview

This seminar will examine the mandatory reporting regime and how businesses and individuals can attempt to meet their obligations under the legalisation and regulations. The seminar will also review best practice in the submission of a suspicious activity report, as well as any legal considerations.


Suitable For

Those working in regulated financial services businesses.

2 CPD hours
2 hours
Jersey

This course has already run and a new date has not yet been scheduled. Please contact us to register your interest.

Learning Outcomes

Having attended this course, delegates will:

  • Understand best practice in the submission of a SAR
  • Understand the risks of failure to report and tipping-off
  • Understand how to protect themselves and their employer from any contingent risks.

SESSION CONTENT

  • Understanding AML & CFT offences and the mandatory reporting requirements
  • What is suspicion versus knowledge?
  • The subjective versus objective standard of suspicion
  • How to complete a SAR and what makes a good report