Reporting obligations

Under the relevant Irish or UK legislation, members and/or firms have Reporting Obligations. The legislation also sets out reporting obligations applicable to CARB. If you are unsure of whether a report is required please refer to the guidance for the relevant jurisdiction or you can also seek advice from the Institute's Technical Enquiry Service.

Reporting Obligations - Republic of Ireland

In the Republic of Ireland, where obliged to report under the law, firms are required to submit the reports to the Garda Siochana and the Revenue Commissioners in accordance with the provisions of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010 as amended by the Criminal Justice Act 2013.

The Act does not prescribe the reporting format, a simple letter with the required information is sufficient. Members may however may refer to suspicious transaction forms available on the website of the Department of Justice's Anti Money Laundering Compliance Unit or use the standard reporting ML1 form.

Guidance on reporting is included in the M42 (Revised) Anti-Money Laundering Guidance ROI (issued by CCAB-I) and additional guidance is available on the website of the Department of Justice and Law Reform's Anti Money Laundering Compliance Unit. Chartered Accountants Ireland has set out answers to some frequently asked questions to view click on the following link Anti-Money Laundering FAQs.

Submit reports (ROI)

Reports can be submitted to the Garda Síochána or the Revenue Commissioners.

Garda Síochána Revenue Commissioners
Detective Superintendent
Financial Intelligence Unit
Garda Bureau of Fraud Investigation
Harcourt Square
Dublin 2
Suspicious Transactions Reports Office
Block D
Ashtowngate
Navan Road
Dublin 15
In urgent cases, telephone contact can be made between 9am-5pm and/or, if necessary, a report can initially be sent by fax and followed up by posting in the original.
T: +353 1 666 3714
F: +353 1 666 3711
T: +353 1 827 7542
F: +353 1 827 7484

Reporting Obligations - UK

In the UK, firms are required to provide Suspicious Activity Reports (SARs) to the Serious Organised Crime Agency (SOCA) in accordance with the provisions of the Money Laundering Regulations 2007 as amended by The Money Laundering (Amendment) Regulations 2012.

Guidance on reporting is included in the CCAB Money Laundering Guidance. Chartered Accountants Ireland has set out answers to some frequently asked questions to view click on the following link Anti-Money Laundering FAQs.

Wherever possible, when making a report, use SAR Online. If you do not report electronically you should use the SOCA preferred forms for manual reporting available on the SOCA website or by contacting SOCA:

Submit reports (UK)

Reports can be submitted to SOCA or SAR.

SOCA - Manual reporting forms SAR - Electronic reporting
Serious Organised Crime Agency
PO Box 8000
London
SE11 5EN

Additional information is available on the NCA website.
Please follow the below link to use the SAR Online service for reporting:
SAR Online

 
 
 
T: +44 370 496 7622

The Serious Organised Crime Agency (SOCA) takes the need to protect the confidentiality of reporters very seriously. For more information the ICAEW has issued Tech 07 06 the Confidentiality of SARs (see UK Law & Guidance page) regarding Money Laundering in the United Kingdom.

The United Kingdom Financial Intelligence Unit (UKFIU) with the Serious Organised Crime Agency (SOCA) has produced a document entitled Suspicious Activities Reports (SARs) - Top Ten Tips for the Accountancy Sector.

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