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Reporting suspicions

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Financial and trade sanctions—tracking UK-EU divergence

Financial and trade sanctions—tracking UK-EU divergence

The following Banking & Finance news provides comprehensive and up to date legal information on Financial and trade sanctions—tracking UK-EU divergence

Work on UK standard contractual clauses under way, ICO official says

Work on UK standard contractual clauses under way, ICO official says

The following Commercial news provides comprehensive and up to date legal information on Work on UK standard contractual clauses under way, ICO official says

UK joins US in implementing a global anti-corruption sanctions regime

UK joins US in implementing a global anti-corruption sanctions regime

The following Banking & Finance news provides comprehensive and up to date legal information on UK joins US in implementing a global anti-corruption sanctions regime

Risk & Compliance weekly highlights—6 May 2021

Risk & Compliance weekly highlights—6 May 2021

The following Risk & Compliance news provides comprehensive and up to date legal information on Risk & Compliance weekly highlights—6 May 2021

Featured Risk & Compliance content

Money Laundering Regulations 2017—nominated officer

Money Laundering Regulations 2017—nominated officer

This Practice Note sets out when organisations must appoint a nominated officer, the duties of the nominated officer and practical steps nominated...

Standard contractual clauses—set II—controller to controller (Model Clauses)

Standard contractual clauses—set II—controller to controller (Model Clauses)

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see...

Introduction to retained EU law

Introduction to retained EU law

This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...

AML and counter-terrorist financing—source of funds

AML and counter-terrorist financing—source of funds

Source of funds and wealth was a key focus of the SRA’s Preventing Money Laundering and Financing of Terrorism thematic review, published in March...

Precedents

Modern slavery: contract clauses

1DefinitionsModern Slavery Policy•means the Customer's anti-slavery and human trafficking policy as set out in Schedule [insert] as updated by the...
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9th Nov
tag iconIn-house
Practice notes

Getting the Deal Through: Merger Control 2021

Jurisdictions coveredThe following jurisdictions are covered in this report:Albania; Australia; Austria; Belgium; Bosnia and Herzegovina; Brazil;...
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9th Nov
Practice notes

High-risk third countries tracker

This Practice Note lists high-risk third countries identified by the Financial Action Task Force (FATF), HM Treasury and the European Commission as...
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9th Nov
tag iconIn-house
Practice notes

Active bribery, passive bribery and bribing foreign public officials

The purpose of this Practice Note is to provide a general understanding of the offences under section 1, 2 and 6 of the Bribery Act 2010 (BA 2010). It...
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Produced in partnership with Joanne Kane of Carmelite Chambers 12th Jan
Practice notes

Dawn raid—who can raid my organisation and why?

The UK Government has legislated to permit a number of UK authorities to obtain search warrants to 'raid' a business premises. The potential for a...
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Produced in partnership with Michael Potts of Byrne and Partners LLP 12th Jan
tag iconIn-house
Practice notes

What is a solicitor's undertaking?

An undertaking is a commitment by a solicitor to do something. It can be enforced against the solicitor by the courts. Failure to comply with an...
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9th Nov
Practice notes

Facilitation payments under the Bribery Act 2010

Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small...
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Produced in partnership with Richard Furlong of Carmelite Chambers 12th Jan
Practice notes

Money Laundering Regulations 2017—simplified due diligence

You may apply simplified customer due diligence (SDD) measures in relation to particular business relationships or transactions which you determine...
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9th Nov

Most recent Reporting suspicions content

Q&As

How long should I retain records relating to an external suspicious activity report (SAR) to the National Crime Agency (NCA), and is the retention period affected by whether or not the SAR concerned involved a request for consent/a defence?

If you are subject to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), SI...
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6th May
Practice notes

Application of legal professional privilege—LPP—and privileged circumstances

This Practice Note reflects draft Legal Sector Affinity Group (LSAG) AML guidance, published on 20 January 2021. It awaits HM Treasury approval. Note...
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5th May
Practice notes

Proceeds of Crime Act 2002—information sharing in the regulated sector—superSARs

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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Produced in partnership with Michael Potts of Byrne and Partners LLP 5th May
Practice notes

Reporting suspicions of money laundering

This document reflects draft Legal Sector Affinity Group (LSAG) AML guidance, published on 20 January 2021. It awaits HM Treasury approval. Note that...
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4th May
Precedents

Internal suspicious activity report—SAR—form

This internal suspicious activity report (SAR) form is intended to make the process of submitting SARs to the nominated officer as easy as possible....
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29th Apr
Practice notes

Making a SAR and obtaining a defence or consent

The Proceeds of Crime Act 2002 (POCA 2002) and the Terrorism Act 2000 (TA 2000) impose obligations to report knowledge or suspicions of money...
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29th Apr
Practice notes

SARs and confidentiality

Issues of confidentiality arise in two different respects in terms of suspicious activity reports (SARs):•your professional or regulatory duty of...
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29th Apr
Precedents

Writing a quality Suspicious Activity Report—checklist for reporters

1Disclosure report details (NCA preferred forms)RequirementComment/Action required (if any)☐ Consent box checked if appropriate.[Insert any comments...
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27th Apr
Precedents

Register of superSAR requests and responses

This Precedent Register of superSAR requests and responses can be use

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26th Apr
Precedents

SuperSAR investigation form

1General detailsDate[Insert date]Customer/client name (if applicable)[Insert customer/client name]Name and job title of person completing this...
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22nd Apr
Precedents

Suspicious activity report register

This Precedent Suspicious activity report register can help you keep com

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22nd Apr
Precedents

Internal suspicious activity report—investigation record

1General detailsInternal SAR reference number[Insert internal SAR reference number]Customer/client name[Insert customer/client name]Date[Insert...
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22nd Apr

Popular documents

Negligence—when is the duty of care breached?

Negligence—when is the duty of care breached?

Having established that a duty of care exists (see Practice Note: Negligence—when does a duty of care arise?), it is then necessary to consider whether or not there has been a breach of that duty. This will depend on a number of factors outlined below and considered against the general background of

Recklessness in criminal cases

Recklessness in criminal cases

What is recklessness?In respect of some statutory offences and common law crimes the prosecution are required to prove a mental element of recklessness on the part of the defendant.Recklessness means unjustified risk taking on the part of the accused.Prior to the House of Lords decision in Re G

Compulsory winding up of a company—the process and procedure

Compulsory winding up of a company—the process and procedure

STOP PRESS: The Corporate Insolvency and Governance Act 2020 contains provisions which, on a temporary basis (presently until 31 December 2020) impose significant limitations on the ability for a creditor to seek a winding-up order against a company. For further reading, see Practice Note: Corporate

Forum non conveniens—scope and application

Forum non conveniens—scope and application

This Practice Note considers the doctrine of forum non conveniens, also referred to as the appropriate forum or the proper place for a dispute to be determined. This doctrine is of relevance when determining whether the courts of England and Wales have jurisdiction to hear a dispute and is applied