NCA processed over 478,000 suspicious activity reports in 2018-2019

Industry News | 06/11/19

The National Crime Agency has published its annual UK Financial Intelligence Unit (UKFIU) report on suspicious activity reports (SARs). The UKFIU reports that it processed a record number of SARs in 2018-2019 (478,437), and also saw a 52.72% increase in requests for a Defence Against Money Laundering (DAML) (34,543). Over the period £131.67m was denied to criminals as a result of DAML requests, up considerably from the previous year in which £52.9m was denied.