Effective suspicious activity reporting

Professional Development

Overview

This course 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.

Online Classroom

online classroom

This course will be delivered through Online Classroom Live.

Please read our Online Classroom for Professional Development FAQ

Suitable For

Those working in regulated financial services businesses.

2 CPD hours
2 hours
Jersey

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.

Course 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
  • Post-reporting considerations
  • Issues around consent
  • Dealing with constructive trust issues
  • Dealing with difficult clients where you have a suspicion
  • The dangers of tipping-off
  • Case studies in handling SARs