Revised Guidance on submitting a SAR
The Serious Organised Crime Agency (SOCA) has published revised guidance on submitting a Suspicious Activity Report (SAR). This replaces the 'Top Ten Tips' document that was previously available.
This new guidance sets out advice and best practice to follow when making a SAR to alert Law Enforcement Agencies that certain activity is in some way suspicious and might indicate money laundering or terrorist financing
Police corruption: gifts and second jobs to go on register
Chief constables in England and Wales will have to declare all gifts and hospitality on a public register under new anti-corruption measures, together with any second jobs. There will also be a national register of officers who have been struck off in a bid to stop dismissed officers being recruited by other forces.
Isle of Man Bribery Act 2013
The Isle of Man’s Bribery Bill 2012 is expected to come into force in 2013 and replaces the existing Corruption Act 2008. The main change in the Bill is to introduce an offence of failing to prevent bribery, based on the provisions in the UK Act, where an organisation may be laible for acts committed by a person associated with the organisation. The offence may be committed anywhere in the world.
UK restrictions on Iran
HM Treasury has published guidance on whether a transfer of funds requires prior notification or authorisation under the Financial Sanctions: Iran (Nuclear Proliferation) Provisions.