AML/CTF/CPF
Industry News
The report set out the NECC's work with partners to tackle fraud and illicit finance between 1 April 2025 and 31 March 2026.
The Government’s Anti-Money Laundering and Asset Recovery Strategy 2026-2029 signals that further reform of Suspicious Activity Reporting is on the horizon.
With reporting volumes remaining high and the financial crime landscape becoming increasingly complex, the focus is shifting towards making SARs more targeted, useful and intelligence led.
But for firms, this isn’t simply about waiting for the next regulatory change.
It’s an opportunity to consider whether existing SAR processes are delivering the right outcomes - from how suspicion is identified and escalated, to the quality of reporting and how effectively teams and technology support decision-making.
While no new obligations land today, the direction of travel is clear:
➡️Greater use of intelligence
➡️Closer collaboration
➡️A continued focus on quality over volume.
At Plenitude, we’re supporting firms to review their SAR processes and prepare for how the UK’s financial intelligence landscape is evolving.
So, as the SARs regime develops, how prepared is your firm for what comes next?
