Anti-Money Laundering · glossary
The UK body that receives suspicious activity reports and may refuse a firm a defence. Only the firm’s MLRO reports to it, never the trainee directly. MLRO’s Decision Note, paragraph 4 · Chapter 1 · see Suspicious activity report
Explained in Chapter 1, What Anti-Money Laundering Means in a Law Firm, of Anti-Money Laundering.
Julian then decides whether to send a suspicious activity report (SAR) to the National Crime Agency (NCA). If the firm reports before it acts, the report can also give it a defence for acting, as Chapter 8 explains.Read Chapter 1, What Anti-Money Laundering Means in a Law Firm →
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