Mini training aid—AML—reporting suspicions—post-training assessment answers—law firms

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  • Mini training aid—AML—reporting suspicions—post-training assessment answers—law firms

Mini training aid—AML—reporting suspicions—post-training assessment answers—law firms

QuestionAnswers
1. Which Act(s) create(s) obligations to report knowledge or suspicions of money laundering and terrorist financing?(c) Both (a) and (b)
2. Which Act establishes a number of money laundering offences, to which submitting a SAR can be a defence?(a) POCA 2002
3. What does ‘SAR’ stand for?(b) Suspicious activity report
4. What offence would you be committing if you disclose that you have, or anyone else has, made a SAR to the nominated officer (or the National Crime Agency (NCA)) of information which came to you in the course of business, and that

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