Course description
Under the Proceeds of Crime Act, the MLRO has to tread a fine line between meeting their statutory obligation to disclose matters to the National Crime Agency in certain circumstances and risking a breach of client privilege by doing so inappropriately in others.
As the NCA's reporting guidelines have become steadily stricter the risks of reports being rejected or ignored have also increased, though this can be mitigated to some extent by using the new SARs portal.
Presented by expert speaker Trevor Hellawell, this webinar will explain what you need to know. Trevor will explore the reasons for making a SARs report, obtaining a defence or consent, the range of NCA responses, the implications of Shah v HSBC, and more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Under the Proceeds of Crime Act, the MLRO has to tread a fine line between meeting their statutory obligation to disclose matters to the National Crime Agency in certain circumstances and risking a breach of client privilege by doing so inappropriately in others.
As the NCA's reporting guidelines have become steadily stricter the risks of reports being rejected or ignored have also increased, though this can be mitigated to some extent by using the new SARs portal.
Presented by expert speaker Trevor Hellawell, this webinar will explain what you need to know.
What You Will Learn
This webinar will cover the following:
- When should you be ‘suspicious’ in the first place?
- Why and when ‘authorised disclosures’ are required: the duty to disclose in some circumstances and the need to do so in others
- The reasons for making a SARs report - do you need a statutory defence?
- The complications of privilege - reasons not to disclose; what is a criminal purpose?
- Obtaining a defence or consent - the reporting process of the new Portal
- The range of NCA responses
- How do you avoid tipping off?
- The implications of Shah v HSBC
- The implications of the revised LSAG Guidance Note & addendum
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...