UK’s Economic Crime Plan 2: Progress Report shows SARs drove £230.4M to asset denials in 2023, ML prosecutions rose 36 % (6,845) and convictions 7 % in 2024, while illicit finance disruptions grew 3 % to 2,050 

UK’s latest Economic Crime Plan 2: outcomes progress report indicates a rise in SARs’ contribution to asset denials (to £230.4 million in the financial year ending 2023) and law enforcement disruptions for fraud, although overall conviction figures for money laundering remain mixed and total asset recovery fell by 29% in the same period. The update highlights increased fraud offences, with 4.16 million cases estimated in the year ending March 2025, a 31% increase…