British investigators froze upwards of £300 million in potentially illicit funds in the fiscal year that ended in March 2022 while banks, money services businesses and other companies filed a record 901,000 suspicious activity reports to the U.K. Financial Intelligence Unit.
Banks in the United Kingdom filed a record number of "defense against money laundering" requests for the second year running amid an overall rise in the number of suspicious activity reports filed to the country's financial intelligence unit, UKFIU.
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