Posts Tagged ‘SAR’s’
04.11.11 Shah v HSBC: Court of Appeal Says the Identity of Staff Making SARs in Good Faith is Not Disclosable
Shah v HSBC: Court of Appeal Says the Identity of Staff Making SARs in Good Faith is Not Disclosable The Court of Appeal in London ruled on 13 October that HSBC Private Bank did not have to disclose the identity of employees who had made internal reports which had led to ...
17.05.11 Proposed Changes to the ML Regime
I have just attended the 8th annual conference of IMLPO where two of the key speakers, Edward Garnier QC MP, Solicitor General and Hugh Burns, Head of Financial Crime Team HM Treasury, gave interesting updates to both the international and UK regimes and a time table for new changes. Firstly, the ...
26.08.09 BTC Challenges HMRC over right to view SAR’s on supervisor compliance visits
BTC Challenges HMRC over right to view SAR’s on supervisor compliance visits HMRC has published its Code of Practice for supervisory purposes for visits to businesses under Money Laundering Regulations (COP28). This Code of Practice tells you what you can expect from HMRC Supervisory staff and what they expect of you ...
Q. When do I submit a SAR to SOCA?
The Proceeds of Crime Act 2002 expanded, reformed and consolidated the UK's criminal money laundering offences. Most of the offences under the Act apply to all individuals and businesses in the UK, however, some apply only to those doing business in the 'regulated sector'. A SAR should be made as ...
Assets Recovery Agency Merges into SOCA
The Serious Crime Act 2007 extends the Civil Recovery and Taxation powers of the Assets Recovery Agency to SOCA and, also, the Civil Recovery powers to the major prosecuting bodies. This is a significant step towards mainstreaming the powers across law enforcement agencies. The Act also provided for the merger ...
