NCA publishes SARs Annual Report
Related News
- FATF Updated Guidance on Beneficial Ownership and Transparency of Legal Arrangements
- HM Treasury consultation on improving the effectiveness of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
- Law Society guidance: The UK sanctions regime
- SRA Sectoral Risk Assessment (Updated 5 March 2024)
- Country Risk FAQs – Wolfsberg Group
- Post-Legislative Scrutiny Memorandum: Sanctions and Anti-Money Laundering Act 2018
NCA publishes SARs Annual Report
The National Crime Agency published their annual Suspicious Activity Reports (SARs) for 2015 on 21 July 2016. See here.
SARs from independent legal professionals increased by 6.01% on last year (from 3,610 to 3,827). Of this total, solicitors submitted 3,461 SARs for this reporting period, slightly up on last year’s 3,328. This was by 1,337 individual reporters. 75.52% (or 2,614) of SARs received from solicitors were consent requests, which represents 17.8% of all consent requests received.
‹ Back to News