Guidance for Anti-Money Laundering Supervisors on submitting better quality Suspicious Activity Reports
Other articles (Insolvency Practitioner, March 2021):
- Michelle Thorp, CEO
- Kevin Hellard, President
- IPA events update
- IPA examinations – entry closing date approaching
- A reminder from the Insolvency Service on filing a report of an approval of an IVA with the Secretary of State
- Updated Statements of Insolvency Practice
- Vacancy for a Business Development Lead
- Meet a Committee member: Neil Bennett, member of the Regulation and Conduct Committee
- Guest article: Insolvency Practitioners – how to prepare for 2021
With increasing levels of fraud being reported, it is of great importance that Insolvency Practitioners understand how to submit good quality Suspicious Activity Reports (SARs). Equally, staff in your firm should also understand your firm’s AML policies and procedures, including how to identify and report suspicions.
With this in mind, and if not already, we strongly recommend that our members take note of the NCA’s guidance for anti-money laundering supervisors on submitting better SARs.