The IPA Volume Provider Regulation (VPR) Scheme 2020 benchmark report is out now – click here.

Guidance for Anti-Money Laundering Supervisors on submitting better quality Suspicious Activity Reports

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.