Report a suspicious transaction
Contents
Anti money laundering systems
The purpose of these systems is to enable you to identify and prevent money laundering and to report suspicious transactions to the Serious Organised Crime Agency (SOCA). These systems will help you to defend yourself against money launderers and against charges of money laundering.
If you are new to the Money Laundering Regulations regime, you may find our What are anti money laundering controls and how do I put them in place guide a useful starting point.
We recommend you read the anti money laundering information notice, which explains these systems.
- MLR 8: Guide to the prevention of money laundering and terrorist financing (Money Laundering Regulations 2007) (PDF 7.9MB)
- All auditors, insolvency practitioners, external accountants and tax advisers should follow the guidance published by the Consultative Committee of Accountancy Bodies (CCAB).
Relevant employees must also be made aware of the following legislation:
- Money Laundering Regulations 2007, available on the HM Treasury website.
- Proceeds of Crime Act 2002 (part 7)
- The Terrorism Act 2000 (as amended by The Anti Terrorism and Crime and Security Act 2001) see section 21 A
How do I report a suspicious transaction?
You should complete a suspicious transaction report and return it to Serious Organised Crime Agency (SOCA). You can make SARs (suspicious activity reports) online.
For advice on completing SARs refer to the frequently asked questions (FAQs) on the Serious Organised Crime Agency (SOCA) website.
