On 20th December, the NCA published the 2018 SAR report showing that the UK FIU processed a record number of SAR (463,938); 22,619 of those were requests for a defence against money laundering, which resulted in a total of £51,907,067 being denied to criminals.  The NCA also said that there was also a marked increase in the number of SAR assessed by the UKFIU and fast-tracked to law enforcement agencies, thus ensuring that the maximum value of SAR intelligence is exploited.  Over the year the UKFIU expedited the dissemination of 3,615 vulnerable person SAR (up 37.61% from 2,627 in 2016-17).  Similarly, 1,419 PEP SAR were disseminated (up 64.62% from 862 the previous year).



Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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