Syedur Rahman | 17 June 2024
Share on:
Contact The Author >
FT Adviser published a Syed Rahman article about professional bodies in the UK regulated sector being urged by the anti-money laundering supervisor, the Office for Professional Body Anti-Money Laundering Supervision (OPBAS), to improve their reporting.
Syed’s piece outlines OPBAS’ concerns and the contents of a joint letter it sent with the Treasury, requesting a specific focus on the quality of suspicious activity reports (SARs) under the Proceeds of Crime Act 2002.
He explains that the Treasury and OPBAS are not alone in believing that suspicious transaction reporting should be improved, with the government and the Law Commission having analysed the effectiveness of the SAR system in recent years.
The full article can be read here.
Featured at: FT Adviser
+44 (0)203 910 4566 vCard
