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Submitting a SAR

Report suspicious activity

 

MolyMed Supplies is registered under HMRC anti-money laundering regulations.

We also have an account with the national crime agency (NCA) to allow us to report any suspicious quickly and effectively.

 

If you notice anything suspicious on the MolyMed Supplies website, please email admin@molymedsupplies.com

For the attention of our NCA officer: Molly Fiander

 

Please see below further information and codes which can be used to report suspicious activity.

 

Revised May 2014

Overview

 

This document seeks to provide advice and relay best practice when making a Suspicious Activity Report (SAR). A SAR is a piece of information alerting law enforcement agencies (LEAs) that certain client/customer activity is in some way suspicious and might indicate money laundering or terrorist financing. 

Persons in the regulated sector are required under Part 7 of the Proceeds of Crime Act 2002 (POCA) and the Terrorism Act 2000 (TACT) 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. A SAR must be submitted as soon as is practicable. 

This document seeks to complement the Money Laundering Regulations and HM Treasury approved guidance in this regard. When submitting a SAR to the National Crime Agency (NCA) reporters must refer to the published guidance from their own regulatory body and their own internal guidance. 

By submitting a SAR to the NCA you will be providing LEAs with valuable information of potential criminality. You will be doing this whilst ensuring appropriate compliance with your legal obligations to report under POCA and TACT.

 

IMMEDIATE ATTENTION 

 

Money Laundering

XXS1XX

Requires immediate attention of law

In Action enforcement

 

Consent

XXS99XX

Seeking appropriate consent under POCA

Child Exploitation

XXV3XX

Relating to the exploitation of a child (U18) for any purpose

International Transaction

 

XXD1XX

Funds leaving or entering the UK 

Significant Transaction

XXD2XX

Significant funds being deposited or

withdrawn (based on reporter’s

knowledge of account/business)

 

Disguising

XXD3XX

Where suspicion relates to disguising the proceeds of crime 

Converting

XXD4XX

Where suspicion relates to converting the proceeds of crime 

Concealing

XXD5XX

Where suspicion relates to concealing the proceeds of crime 

Transferring

XXD6XX

Where suspicion relates to transferring the proceeds of crime 

International PEPs

XXD7XX

Relating to international Politically Exposed Persons 

Domestic PEPs

XXD8XX

Relating to UK Politically Exposed Persons 

Bribery and Corruption

XXD9XX

Relating to suspected bribery or corruption of individuals.

Benefit Fraud

XXF1XX

Suspected benefit fraud 

Excise Fraud

XXF2XX

Evasion of excise duty on alcohol, tobacco, fuel, etc. 

Tax Fraud 

(corporate)

XXF3XX

Tax evasion by businesses, 

corporations, trusts, other entities etc 

 

Tax Fraud (Personal)

 

XXF4XX

Tax evasion by individuals e.g. 

inheritance tax, income tax, NI 

contributions, capital gains tax, 

corporation tax etc