Compliance, Reporting Obligations, and Suspicious Activity Disclosures

This week’s topics

Compliance, Reporting Obligations, and Suspicious Activity Disclosures

1. Suspicious Activity Reports (SARs) regime
2. National Crime Agency operations
3. Tipping off and consent regimes
4. Whistleblower protections
5. Compliance burdens on multinational firms

What you will be able to do

• 2.1 Analyse the purpose of money laundering regulations.
• 4.3 Evaluate the reporting requirements and the impact this has on global financial crime.

Activity

Seminar, guided reading and a short written task: analyse the purpose of money laundering regulations.

Study materials

Videos

• Unweaving the Anti Money Laundering and Counter Terrorist Financing System - Dr Dionysios S Demetis · YouTube · Gresham College · 61 min · for registered students
• AMLbites – Customer due diligence – Part 1 · YouTube · ICAEW · 12 min · for registered students
• AMLbites – Customer due diligence – Part 2: Enhanced due diligence · YouTube · ICAEW · 21 min · for registered students

Further resources

• Money Laundering Regulations: your responsibilities (HMRC) · Reading · GOV.UK, guidance · for registered students
• FCA Handbook: Financial Crime Guide (FCG) · Reading · Other, guidance · for registered students
• OECD Guidelines for Multinational Enterprises on Responsible Business Conduct (2023), ch. VII: Combating Bribery and Other Forms of Corruption · PDF · Oecd, guidance; pp. 39–42 · for registered students