SARs in Action magazine: The life of a SAR
The National Crime Agency (NCA) has published the second issue of its SARs in Action magazine.
SARs in Action launched in March with the aim of keeping suspicious activity reporting (SAR) regime stakeholders informed about the work of the UK Financial Intelligence Unit (UKFIU).
The second issue's cover story focuses on the "life of a SAR”.
The NCA explains how a SAR is handled once it is received by the UKFIU and discusses the kind of investigations that SAR information may assist.
This article may be of interest to any of our members who are keen to understand how:
- required disclosures (SARs) are reviewed and triaged to the wider law enforcement community
- the UKFIU approaches a decision for consent upon receipt of an authorised disclosure (DAML SARs)
This issue also includes:
- updates on recent UKFIU engagements with anti-money laundering sector stakeholders (including the Law Society of Northern Ireland)
- an overview of the UKFIU’s structure, teams and responsibilities
For more information about when and how to submit a suspicious activity report, read our guidance on suspicious activity reporting.