You come across a client earning Â£500,000 per annum. You find that heâ€™s living in a smallish semi-detached house and driving an average car, and has no evidence of savings except for Â£10,000 in the bank. What should you do?
Directly alert to the MLRO.
Directly alert the NCA.
Ask where the money is being spent, document your answer, and if you still have suspicions alert the MLRO.