Reach for the SARs? UK approaches one million in a year

The latest Annual Report of the UK Financial Intelligence Unit in the National Crime Agency shows that the total number of suspicious activity reports (SARs) has nearly doubled in the last four years, and defence against money laundering reports (DAMLs) are up 143% in the same period. Ruth Paley, Zia Ullah and Dominic Simon of Eversheds Sutherland work through and comment on the key statistics.

Ruth Paley (+44 (0)734 270 8132, ruthpaley@eversheds-sutherland.com) and Zia Ullah (+44 (0)207 919 4500, ziaullah@eversheds-sutherland.com) are partners and Dominic Simon (+44 (0)747 151 3844, dominicsimon@eversheds-sutherland.com) an associate at Eversheds Sutherland.

The latest Annual Report of the UK Financial Intelligence Unit (UKFIU) in the National Crime Agency shows that the total number of suspicious activity reports (SARs) has nearly doubled in the last four years, and defence against money laundering reports (DAMLs) are up 143% in the same period. Ruth Paley, Zia Ullah and Dominic Simon of Eversheds Sutherland work through and comment on the key statistics.