NCA publishes SARs in Action – Issue 18

The NCA highlights the usefulness of SARs and how they contribute in the fight against different types of serious and organised crime. It covers information and guidance for anyone submitting a SAR relating to individuals who are vulnerable or where welfare concerns...

FINTRAC on Large Cash Transaction Reporting

FINTRAC publishes updated resource documents to help reporting entities prepare for changes to the Large Cash Transaction Report form. It has made minor updates to the draft documents listed on this page to further streamline the new LCTR form, validation...

US House on major AML reform

House of Representatives passes bill requiring that trust companies, lawyers and art dealers report suspicious activity, according to ICIJ. The Enablers Act was first proposed shortly after ICIJ’s Pandora Papers investigation exposed widespread exploitation of lax...

NCA glossary codes & reporting routes for SARs

When submitting a SAR, the relevant glossary code should be included in the ‘Reason for Suspicion’ text space. Where you do report a crime alongside a SAR it will be good practice to include the crime reference and the organisation details in the SAR….

FinCEN advisory on Elder Financial Exploitation

FinCEN warns FIs about rising trend of elder financial exploitation (EFE), which involves the illegal or improper use of an older adult’s funds, property, or assets and urges financial institutions to detect, prevent, and report suspicious financial...