NCA: SUSPICIOUS ACTIVITY REPORT (SAR) GLOSSARY CODES AND REPORTING ROUTES

The UK FIU at NCA has published updated guidance on the use of SAR glossary codes and reporting routes.  It says that the codes are crucial for enabling the FIU and wider law enforcement to conduct analysis to identify money laundering trends, high risk cases for development and take immediate action where necessary. They also enable the production of feedback to reporters on trends and patterns identified in SAR.  It also points out that the SAR regime is not a route to report crime or matters relating to immediate risks to others – it is for reporting knowledge or suspicions of money laundering, or belief or suspicions relating to terrorist financing.

https://www.nationalcrimeagency.gov.uk/who-we-are/publications/478-glossary-codes-and-reporting-routes-november-2020/file

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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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