NCA’s Annual SARs report shows a 1.5% rise in submissions to 827,048, £240.1m denied via DAML requests, a 19% increase in DAFT SARs – underlining the need for accurate, high-quality reporting

The introduction of a higher DAML threshold and the new SARs Digital Service is improving operational efficiency, enabling law enforcement to more effectively tackle money laundering and related criminal activity. The UKFIU’s SARs Annual Report also highlights improvements in SARs reporting quality and the positive impact of recent technological advancements…