Suspicious Activity Reports

The National Crime Agency, whose remit now includes those areas which were previously the responsibility of SOCA, has recently produced guidelines on the submission of suspicious activity reports (SAR), including by way of the SAR Online system.

Use of the latter medium will require pre-registration so MLROs that have not already done so should consider registering now to avoid any undue delay should the time come when there is a need to submit a SAR.

The system also allows reporting firms to request consent to continue with a specified transaction where money laundering is suspected.

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