Money Laundering: Review of the Reporting ... - Dematerialised ID
Money Laundering: Review of the Reporting ... - Dematerialised ID
Money Laundering: Review of the Reporting ... - Dematerialised ID
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kpmg<br />
1. Providers <strong>of</strong> SARs submit<br />
electronic SARs to Elmer<br />
2. Providers <strong>of</strong> SARs submit<br />
manual SARs to DM C<br />
3. DM C faxes copies <strong>of</strong> any<br />
time critical SARs to <strong>the</strong> LU<br />
4. DM C rejects any SARs w ith<br />
administrative errors<br />
5. SARs manually input onto<br />
Elm er by DM C<br />
6. SARs automatically<br />
searched<br />
7. LU review s all searched<br />
SARs on Elm er<br />
8. LU rejects any SARS w ith<br />
inadequate reason for<br />
suspicion<br />
9. LU makes<br />
recommendations on Elmer<br />
about SARs<br />
10. All SARs initially allocated to<br />
LEAs. LEAs <strong>the</strong>n review<br />
<strong>the</strong>ir SARs and consider LU<br />
and institutions’<br />
recommendations<br />
11. LEAs indicate on Elmer<br />
action to be taken on each<br />
SAR (incl reallocation to<br />
ano<strong>the</strong>r LEA)<br />
12. <strong>ID</strong>U develops packages<br />
w here requested by LEAs<br />
13. O<strong>the</strong>r SARs retained on<br />
Elm er as inform ation only<br />
14. <strong>ID</strong>U analyses Elmer and<br />
identifies fur<strong>the</strong>r SARs to<br />
develop<br />
15. <strong>ID</strong>U places developed SARs<br />
on Elmer to be accessed by<br />
allocated LEA<br />
16. LEAs provide feedback on<br />
all SARs m arked for fur<strong>the</strong>r<br />
action<br />
ELM ER<br />
6<br />
Data M anagement<br />
Centre<br />
Automatic<br />
searching <strong>of</strong><br />
manually<br />
input and<br />
electronically<br />
submitted<br />
SARs<br />
LU<br />
recommendations<br />
recorded<br />
Providers <strong>of</strong> SARs<br />
1 2 4 8<br />
3<br />
LEA<br />
decisions<br />
recorded<br />
Liaison Unit<br />
Inform ation<br />
Only SARs<br />
Developed<br />
SARs w hich<br />
are allocated<br />
to an LEA<br />
<strong>Review</strong> <strong>of</strong> <strong>the</strong> regime for handling Suspicious Activity Reports<br />
Report <strong>of</strong> recommendations<br />
KPMG LLP<br />
Intelligence<br />
Development Unit<br />
5 7<br />
9 12 14<br />
15<br />
LEAs<br />
13<br />
Feedback on<br />
SARs as a<br />
result <strong>of</strong> LEA<br />
action<br />
10 11 15 16
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