SARS: Theory and Practice

SARS: Theory and Practice
Duration 1 Day
Level Intermediate
Suitable for Aimed at all finance industry delegates, in particular compliance and risk professionals, MLRO’s and MLCO’s. A practical, informative course that gets to the heart of the realities of the legislation.
CPD hours 6 hours
Cost
  • £245.00
Dates

Download the offline booking form (Adobe PDF)

Course Content

 

  • Understanding AML offences

 

  • Introduction and impact of the new mandatory reporting requirements

 

  • What is suspicion vs. knowledge?

 

  • The subjective vs. objective standard of suspicion

 

  • What makes a good report?

 

  • Why might an organisation not report?

 

  • Post-reporting considerations

 

  • What is the effect of an 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