Suspicious Activity Reports (SARs) – Theory and Good Practice

Course Summary

It is a criminal offence for anyone employed in the financial services industry to fail to report where they have knowledge or suspicion (or even reasonable grounds for knowledge or suspicion) that another person is laundering the proceeds of any criminal conduct or is carrying out terrorist financing.

In conjunction with the Financial Investigation Unit (FIU), this course will examine the internal process for raising a suspicion, the reporting process to the MLRO and how the MLRO then deals with that. The FIU will review the SARs regime, explore what makes a good SAR report and demonstrate the effectiveness of the SAR regime in Guernsey.

Topics

This course will cover the following:

  • the internal process for raising a suspicion
  • the process of reporting a suspicion to the MLRO
  • how the MLRO deals with the report
  • the SARs regime
  • what makes a good SAR report
  • the effectiveness of the SAR regime in Guernsey.

Course Benefits

Delegates will gain 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.

Tutor Profile

Emma Mauger TEP,Dip( ITM),FICA, Int.dip (COMP), Int.dip (AML), Int.dip (FinCrime)

Emma was born in London and educated at the Guernsey Grammar School. She has over 20 years industry experience and is one of only a handful of people worldwide to hold all three ICA Diplomas delivered via Manchester University: ICA International Diploma in Compliance, in Financial Crime Prevention and ICA International Diploma in Anti Money Laundering. In addition Emma is a fully qualified STEP member and a member of the IoD.

Course at a Glance

  • Next Start Date: 25 May 2017
  • CPD Points: 4
  • Course Cost: £195.00
  • Course Length: Half day (09:00-13:00)
  • Location: GTA University Centre, Guernsey
  • Tutor: Emma Mauger

There are no dates currently available for this course, If you would like to register your interest please complete the form below:

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