UK FINANCIAL INTELLIGENCE UNIT (UKFIU) have released their Annual Statistical report on Suspicious Activity Reports (SARs)

It has been another very busy year for the UKFIU, and SARs continue to play a critical role in alerting law enforcement to potential instances of money laundering and terrorist financing. In addition SARs are a vital source of intelligence, not only for tackling economic crime but to help investigate a wide range of criminal activity

The total number of SARs received is less than the previous year mainly due to a reduction in SARs from high street banks. There has been a 27.67% increase in the number of reports by Credit institution this does not include banks and building societies.

The statists can be read here