SARs - Theory and Practice
SARs - Theory and Practice
| Duration: | 1 day |
| Level: | See Below |
| Suitable for: | Aimed at all finance industry delegates, in particular compliance and risk professionals, MLROs and MLCOs. A practical, informative course that gets to the heart of the realities of the legislation. |
| CPD Hours: | 6 |
| Cost: | £295.00 |
| Dates: | Tue 07 Feb 2012 Book Now »
Fri 14 Sep 2012 Book Now » |
Overview
This course aims to give a non-legalistic, comprehensive breakdown of the legislation by focusing on common problems facing financial services staff in the offshore environment, by providing scenarios and pragmatic advice on how to deal with the question. ’To report or not to report?’
Course content
- Understanding AML offences
- Introduction and impact of the new mandatory reporting requirements
- What is suspicion versus knowledge?
- The subjective versus objective standard of suspicion
- What makes a good report?
- Why might an organisation not report?
- Post-reporting considerations
- What is the effect of a SAR?
- What happens if the police give their consent?
- What happens if the police do not give their consent?
- Dealing with constructive trust issues
- Dealing with difficult clients where you have a suspicion
- The dangers of tipping-off
- Case study – how not to handle SARs!
Learning outcomes
Having attended this course, delegates will:
- Have an enhanced understanding of the issues surrounding suspicious activity reporting and be able to apply this heightened awareness to improve the effectiveness of the risk management function within their organisation
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