Managing SARs Investigations – Best Practice Guide

Description

The requirement to identify and report suspicious activity for money laundering and/or terrorist financing exists in nearly all well-regulated countries and sectors. Enforcement action for money laundering failures often involves court proceedings that require a responsible officer to speak to their investigations when suspicion was identified. As a result, the process of investigating and reporting suspicions can seem overwhelming and complex to some people as they seek to negotiate what they perceive to be a legal minefield.

In this first of an optional two-part learning journey, you’ll explore some of the essential aspects to be aware of when reviewing and evaluating potentially suspicious activity. Built on practitioner knowledge, you’ll study key advice and guidance on what to consider, what to look for and how to take appropriate actions, from receiving an initial alert through to after a SAR has been filed. Through following the process for considering an internal alert about a suspicious transaction or unusual account activity, this course uses practical, real-life advice to equip you with the confidence to make decisions, which can have serious implications for you personally as well as others.

NOTE: although this course is the first part of a two-part learning journey, it can be studied on its own.