A Suspicious Activity Reporting Policy is an internal document that sets out the rules and minimum standards to which staff must adhere when reporting or investigating potentially suspicious activity. All staff must be made aware of the policy contents to ensure an understand of the risks (both personally and for the organisation) and the controls in place to mitigate them.
This Suspicious Activity Reporting Policy template is provided in Word format over 9 pages and 2,694 words. Elements in [square brackets] require editing to make it specific to your organisation.
Design is based on financial services organisations globally and covers the following aspects:
1. Policy Statement
2. Scope
3. Minimum Standards
3.1 Internal Reporting
3.2 External Reporting
3.3 Tipping-Off
3.4 Business Relationships
4. Governance
4.1 Roles and Responsibilities
4.2 Training and Communication
4.3 Compliance Monitoring and Review
4.4 Reporting and MI
4.5 Escalations
5. Records and Retention
6. Contacts