Information
Bookkeepers hold a unique and significant place in the chain of sound financial management. With a clear view of transactions, bookkeepers are ideally positioned to identify not only errors but, more importantly, criminal intent. Bookkeepers offering services to clients must be supervised by an authority – such as ICB – and put in place controls to identify, prevent and report money laundering offences.
Suspicious Activity Reports – or SARs – are the mechanism that bookkeepers use to report to the UK Financial Intelligence Unit (UKFIU). In this dedicated webinar for bookkeepers, Astrid Morrison of UKFIU will explain the process, share case studies and provide best practice advice to help you decide if, when and how to submit a SAR. This event is the first in our monthly ‘MLR Monday’ sessions created to give ICB members the latest advice around Money Laundering Regulations.
The agenda
- What is the UKFIU and how does it work?
- National Risk Assessment
- SARs myth busting
- UKFIU Teams – what happens to your SARs
- A look into POCA & TACT Legislation
- Best Practice to help UKFIU manage SARs and assist law enforcement exploit intel
- Q&A
Remember: The ICB Compliance Team is on hand to give you all the help you need - aml@bookkeepers.org.uk 0203 405 4000
Please note: Due to UKFIU regulations, this session will NOT be recorded. Note taking is encouraged!
