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22 Mar 2019

Why Quality Suspicious Activity Reports (SARs) Matter - BELFAST - FULLY BOOKED

Details

Date 22 Mar 2019
Time 13:30 - 14:30
Location Law Society House, Belfast
Cost £35.00 per person
CPD Points 1 Client Care and Practice Management
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Description

Please note that this event is taking place at the following locations: Thursday 21 March 2019 10am – 11am Killyhevlin Hotel, Enniskillen Thursday 21 March 2019 4pm – 5pm City Hotel, Derry/Londonderry Friday 22 March 2019 10am – 11am Canal Court Hotel, Newry

The Society, with input from the National Crime Agency (NCA), is delivering an education event aimed at legal practices’ Money Laundering Reporting Officers (MLROs)/Nominated Officers (as per the Money Laundering, Terrorist Financing and Transfer of Funds (Information of the Payer) Regulations 2017).

The NCA, as the body to whom MLROs submit SARs, will share from its perspective on the SARs regime and why it is in the interests of all parties to continue working together on improved reporting through the SARs regime.

Topics to be covered include:

  • What are the risks to firms?

  • Spotting the Red Flags

What information/considerations should make it more likely for MLRO’s to submit a SAR to the NCA? What information/considerations should MLROs be encouraging those within their practices to provide when submitting a report to the MLRO?

  • Why Quality Information matters

    Information about the ‘journey’ of a SAR once submitted e.g. what happens practically, who receives and reviews it (which LEA and where), what happens with the information submitted.

  • Best practice guidance on how to make a high quality Suspicious Activity Report (SAR).

  • Defence Against Money Laundering (DAML)

Comment on the quality of SARs and DAMLs received at present and common operational issues encountered by the NCA.

  • Update on current events, procedure and practice.

  • Case studies/worked examples of positive outcomes from the SARs regime.

  • NCA Updates

    FATF, SARs Reform including the IT reform programme and the Law Commission review.

To increase accessibility the session will run in the following locations:

Thursday 21 March 2019 10am – 11am Killyhevlin Hotel, Enniskillen

Thursday 21 March 2019 4pm – 5pm City Hotel, Derry/Londonderry

Friday 22 March 2019 10am – 11am Canal Court Hotel, Newry

Friday 22 March 2019 1.30pm – 2.30pm Law Society House, Belfast

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