i-law

Compliance Monitor

STRs in their eyes: suspicious transaction reports rocket

In the past five years the number of suspicious transaction reports to the financial ­regulator has shot up by 250%, according to data ­obtained by law firm Pinsent Masons. There were just 339 in 2008/9, compared with 1199 in 2012/13. On a monthly basis, they have ­increased from 28 to 100.

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