Feedback from our suspicious activity reporting examination
As part of our 2025 thematic examination programme, we assessed how well nine supervised persons complied with legal and regulatory obligations for suspicious activity reporting (SAR).
Our feedback paper provides:
- an overview of the examination and our key findings
- statistics showing our findings
- an overview of your obligations if you suspect money laundering or terrorist financing
- a table with detailed findings and examples of best practice
- key questions to help you assess your own systems and controls
Examination findings
- We grouped our findings into these themes:
- board oversight
- policies and procedures
- SAR register and records
- role of the money laundering reporting officer
- training
- compliance monitoring
Next steps
We encourage you to review this feedback paper and assess your own systems and controls. Please identify and implement any necessary enhancements.