The aim of this seminar is to assist all related parties in understanding their reporting obligations under the law and how to execute such obligations.

The objective is to be able to understand the difference between a suspicious activity and a suspicious transaction, facilitate their recognition and the steps that need to be applied in order to produce a good quality report.

1. Clarification of what constitutes a Suspicious Activity (SAR) vs. a Suspicious Transaction (STR).
2. Participants’ obligations in identifying and reporting suspicious activities and transactions
3. Discussion of consequences for failing to report or incorrectly reporting SARs and STRs
4. Methods to identify red flags and suspicious patterns in financial behavior

• Back-office personnel
• Compliance Officers
• Risk Management Staff
• AML Officers
• Heads of AML/Compliance Departments
• Accountants
• Lawyers
• Internal Auditors
• Fraud Investigators
• Forensic Accountants
• Board Members
• Directors

• Introduction
• Statistics on SAR/STR
• CO Responsibilities
• Reporting Policy
• Report Indicators
• Reporting and Legal Protection
• Tipping off and Penalties
• SAR/STR Form
• Examples