Suspicious Activity Reports (SARs) Annual Report 2019 - Anti-Money Laundering UK

Nov 07, 2019

The UKFIU has published the Suspicious Activity Reports (SARs) Annual Report 2019.

The UKFIU received and processed a record number of SARs (478,437), with a 52.72% increase in requests for a Defence Against Money Laundering (DAML) (34,543). The Report highlights that the number of SARs from accountants remains low, with accountants and tax advisers submitting 1.06% of the total submitted in 2018/19. The case studies on page 12 demonstrate the value of SARs intelligence in tackling a wide range of crimes.

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