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UK SARs fall from key company formation agents

The number of suspicious activity reports filed by company formation agents has fallen by more than half to only 23, despite government attempts to improve the system.

UK SARs fall from key company formation agents
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UK SARs fall from agents
  • Shared by KYC360
  • January 21, 2020
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There was a 56.6 per cent decline in SARs to the National Crime Agency in the year to March 2019 from trust and company service providers, which incorporate companies. That was in spite of a 3.1 per cent increase to 478,437 in such reports to the agency from other industries, including banks, accountants and estate agents.

Read more at KYC360

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