Anti-Money Laundering · glossary
The MLRO’s report of a suspicion to the NCA. Once the MLRO suspects, he must send one. A SAR is not an accusation, and it can also ask for a defence for an act the firm is about to take. MLRO’s Decision Note, paragraph 4 · Chapter 1 · see DAML
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 →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Anti-Money Laundering and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Anti-Money Laundering → · All terms A–Z →