Module 4: Identifying and Dealing with Suspicions

Module 4

aims to help you recognise and respond to transactions and other activities which may be related to money laundering or terrorist financing.

What amounts to suspicion in the UK?

“Suspicion” is not defined in the Proceeds of Crime Act, which can make it difficult to decide whether the concerns you have amount to anything.

However, using a risk-based approach, it is always better to inform the organisation’s designated contact about a piece of information of which they might not be aware and which may lead to a suspicion, than for something important to be missed and a criminal offence committed.