NCA releases its SARs Reporter Booklet Nov 2024, summarising feedback from Law Enforcement Agencies on their use of SARs

The booklet provides insights into how SARs are used in the UK to combat financial crimes such as money laundering, fraud, and terrorist financing. SARs are a critical intelligence resource that law enforcement and financial institutions use to address serious crimes. Over 460,000 SARs are submitted annually in the UK, contributing to a database exceeding two million reports. This intelligence assists in identifying and disrupting criminal activities…