Reports of suspicious money transfers in UK surge 21% over year

Mark Battersby
clock • 2 min read

The UK's National Crime Agency said on 24 January that it handled more than 900,000 reports of possible money laundering and terrorist financing in the financial year ending in March 2022, a 21% rise over the previous 12 months.  Its 2022 Suspicious Activity Report (SARs) Annual Report, which features statistics covering the years 2020-21 and 2021-22, revealed that almost 75% of the reports were generated from banks, while other financial institutions accounted for 13.5%. The agency further said that £305.7m was denied to suspected criminals as a result of Defence Against Money Launde...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?