NCA cites record number of SAR filings, far fewer investigations
UK financial institutions and other firms filed a record number of suspicious activity reports (SARs) between April 2018 and March of this year, but only a third of the reports citing potential money laundering prompted criminal investigations.
NCA cites record number of SAR filings, far fewer investigations
Last Updated: 16 July 2020
Published: 11 November 2019
In an annual report published Tuesday, the National Crime Agency (NCA) said that the 478,437 SARs it received during the 12-month period marked a 3-percent rise in filings from the previous year.
Read more at KYC360 .
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