Derrick ponders… Mina's minutes

Which crimes can result in a Suspicious Activity Report? Derrick Paterson discusses indirect benefits and whose suspicion it is that is reported to SOCA.

The purpose of this article is to pose questions and instigate discussion. It does not represent advice. Derrick Paterson Dip (AML) FCA MICA, Director of Ophelimity Limited, an independent AML consultancy. He may be reached on +44 (0) 7732 744 56, derrick.paterson@ hotmail.co.uk

If a person has knowledge or suspicion of money laundering the Proceeds of Crime Act (POCA) section 330 requires that he make a report provided that he: