Events, Courses & Seminars

Course

6th
February 2025

12.30 - 13.30

Start Actually Reporting! SARs and when to report

Location: Live online

Overview

What are the essential steps in completing a Suspicious Activity Report (SAR)? What constitutes suspicion and when should an external SAR be sent? In this course, we review the latest June 2024 guidance provided by the Isle of Man FIU. We cover the key elements that will help you to complete SARs more effectively.

This course forms part of the 2025 ACSP CPD Programme

Suitable for

MLROs, MLCOs and Compliance Staff

Online classroom

This course will be delivered via Teams.

For bulk bookings please email ci-pd@bpp.com, who can arrange a discount. This applies to bookings of 5+ delegates onto a single course or for booking 5+ courses in one go.

Session content

Internal and external SARs
Why does effective completion matter?
The definition of suspicion – subjective and objective tests
Essential steps in completing a SAR – source, subject, companies, accounts, reasons and attachments
Review of the June 2024 IOM FIU Guidance
Risk of tipping off and other considerations
Case studies and fines
Timelines and processes

Learning outcomes

Having attended this course, delegates will:

Understand the key steps in completing SARs.
Know the essential elements of the June 2024 guidance from the IOM FIU.
Understand the risk of tipping off and other key considerations.

Tutor

Paul Groden

Paul is a freelance tutor specialising in finance, business strategy, and soft skills. He has worked for over twenty years in leading global firms, primarily in securitisation, structured products and change management.

Paul gained a first-class degree in Modern History from Oxford University, where he was a Centenary Scholar at St Hugh’s College. He also holds a postgraduate diploma in Business Studies with Distinction from the London School of Economics.

He is winner of the Shell Economist Writing Prize and is the author of two published books. Paul is a Fellow of CIMA and a Chartered Fellow of CISI, and is a former President of CISI Jersey branch.