Suspicious activity reports: what accountants need to know

Tim Pinkney, acting director of professional standards for the Institute of Financial Accountants, provides guidance on making a good quality suspicious activity report (SAR) to prevent clients potentially laundering money through firms

To help fight economic crime, many accountants are required to make suspicious activity reports (SARs). Following news that the current SARs Online System was being decommissioned, and replaced with the new SAR portal on 18 September 2023, any organisation needing to make a report must re-register with the new portal.

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