![]() ![]() How SARs are usedĪ single SAR is often used multiple times by different users for different purposes. Submitting a SAR protects you, your organisation and UK financial institutions from the risk of laundering the proceeds of crime. If you're unsure if your firm is in the regulated sector consult your regulator, professional body or trade association, or seek independent legal advice. You may commit an offence if you have ‘knowledge’ or ‘suspicion’ of money laundering activity or criminal property, do something to assist another in dealing with it, and fail to make a SAR. However, even if you are not in the regulated sector, you may have an obligation to submit a SAR. Persons working in the regulated sector are required under Part 7 of the Proceeds of Crime Act 2002 (POCA) and the Terrorism Act 2000 to submit a SAR in respect of information that comes to them in the course of their business if they know, or suspect or have reasonable grounds for knowing or suspecting, that a person is engaged in, or attempting, money laundering or terrorist financing. SARs can also help establish a geographical picture or pattern of the vulnerability of a particular sector or product, and can be used in the analysis of suspicious activity before and after a specific event such as a terrorist incident. SARs provide intelligence about criminal methods, contribute to the UK’s understanding of crime and inform strategies to reduce the impact of crime. Information leads to the recovery of the proceeds of crime by assisting in restraint orders, confiscation orders and cash seizures. Multiple SARs on the same subject or company can identify new targets for operational activity. This enables detection and prevention activity including the issue of alerts to businesses at risk from such activity. SARs can help identify changes in the nature or prevalence of types of organised crime e.g. ![]() Information provided through SARs such as contact details, alias identities, investment activity, bank accounts and other assets can lead to the instigation of new investigations or enhance on-going operations. All contribute to the UK’s strategic threat assessment. Some SARs provide immediate opportunities to stop crime and arrest offenders, others help uncover potential criminality that needs to be investigated, while others provide intelligence useful in the future. SARs intelligence has been instrumental in locating sex offenders, tracing murder suspects, identifying subjects suspected of being involved in watching indecent footage of children online and showing the movement of young women being trafficked into the UK to work in the sex industry. WASH hands with soap and water to prevent spreading potentially infectious material to face or skin.The value of SARs is wide-reaching.If possible, shut off the ventilation system. Leave the area, close any doors and take action to prevent others from entering the area. Alert others in the area about the suspicious package or envelope.Put the package or envelope on a stable surface do not sniff, touch, taste, or look closely at it or at any contents that may have spilled.Do not carry the package or envelope, show it to others or allow others to examine it.Do not shake or empty the contents of any suspicious package or envelope.Handling suspicious packages or envelopes **If a package or envelope appears suspicious, DO NOT OPEN IT! Excessive packaging material such as masking tape, string, etc.Powdery substance on the package or envelope.Postmarked from a city or state that does not match the return address.Marked with restrictions, such as "Personal," "Confidential," or "Do not x-ray".Incorrect titles or title without a name.Strange return address or no return address.Some characteristics of suspicious packages and envelopes include the following: Identifying suspicious packages and envelopes Do not operate any power switch, and do not activate the fire alarm. Move to a safe area and call the University Police immediately at 31. A suspicious looking box, package, object, or container in or near your work area could be a bomb or explosive material. ![]()
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