On 24th January, the NCA’s Financial Intelligence Unit released its annual report on Suspicious Activity Reports:

  • In the last financial year, over 900,000 SARs were received and processed (an increase of 21% on the previous year)
  • DAML requests led to £305.7M being denied to suspected criminals (up 120%)

Alongside remaining alert to their reporting obligations, firms should read the report to understand more about the work being done by the NCA and review the case studies to help enhance their understanding of the SAR process and the importance of keeping up the fight on financial crime.


Share with: