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. In a 20-page report Thursday, British officials said that from April 2017 through March 2018, UKFIU received more than 460,000 suspicious activity reports, a year-on year increase of 10 percent. More than 22,500 of those SARs were DAML requests, which financial institutions file when seeking consent to conduct specific transactions they suspect involve illicit assets. UKFIU, which is housed within the...
The United Kingdom's National Crime Agency published the 2018 Suspicious Activity Reports Annual Report, focusing on the volume and nature of reports processed by the U.K. Financial Intelligence Unit.
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