SARs

Efficiently managing SARs is a responsibility that applies to all members of a firm and necessitates adequate training to identify and report suspicious activity.

Establishing proper reporting mechanisms that maintain regulatory compliance and avoid tipping off is crucial. The investigation process should be transparent, well-documented, and concise, ultimately leading to the regulatory obligation of raising a SAR to the NCA. 

At Brighter, we assist clients in implementing effective and robust solutions for managing suspicious activity, empowering them to recognise it as an area that can yield added value.