Suspicious Activity

Practices must have internal reporting procedures that enable employees to disclose their knowledge or suspicions of money laundering or terrorist financing (MLTF) to the MLRO.

It's an offence if someone who knows or suspects that MLTF has taken place does not report their concerns to their MLRO (or, in exceptional circumstances, straight to the NCA). 

A Suspicious Activity Report (SAR) must be created where there is knowledge or suspicion of money laundering by a client. A SAR can be created directly from the client record.

You'll receive a notification every time a new SAR is created. 

As MLRO, you can: 

• View a suspicious activity report
• Update a suspicious activity report

If escalated, the UK Financial Intelligence Unit (UKFIU), sited within the National Crime Agency (NCA), receives, analyses and distributes the financial intelligence gathered from SARs.