UKFIU COVID – 19 Communications – SARs Reporting

May 04, 2020

This document aims to provide MLROs with observations from the UKFIU on what is being seen in reporting around COVID-19 and SARs. Several SARs have been seen relating to suspicions that individuals are exploiting the COVID-19 outbreak to account for money movements that suggest possible money laundering. Although it is UK based, the information will also be of interest to MLROs in Ireland.