UKFIU SARs reporter booklet highlights £190K fraud case, alongside case studies on shell companies, VAT fraud, illicit crypto transfers, ML through gambling, and misuse of public funds

A financial institution flagged a high-turnover business account with £10M in annual transactions, including a £50,000 fraud-linked transfer and crypto payments. A DAML SAR was submitted to exit the relationship, but the UKFIU refused and escalated it to law enforcement. Investigators uncovered a larger fraud network, enabling multi-agency intelligence sharing…