SAR Reform Programme

IPA Insolvency Practitioner newsletter AML Digest, November 2022

Contents

• David Holland, Chief Inspector and IPA Money Laundering Reporting Officer
• AML 2021/22 Annual Report and 2022/23 Sector Risk Assessment
• Awareness of CEO fraud and impersonation frauds
• Amendments to the 2017 Money Laundering Regulations
• SARs Reporter Booklet
• Ongoing monitoring and review of a business relationship – Reg 28(11) Money Laundering Regulations 2017
• Accountancy AML Supervisors’ Group alerts
• Sanctions
• SAR Glossary Codes
• Renewals
• Supervisory work for 2022/23
• ISS AML training and IPA Learning

The SAR online reporting portal is due to change. It is anticipated that a new reporting system will go live shortly, and we will inform members when it is active. The system will be rolled in three key stages and both systems will run simultaneously for a couple of months.