There’s been a significant rise in the number of so-called Suspicious Activity Reports concerning money laundering and the agency industry.
Suspicious Activity Reports (SARs) alert law enforcement to potential instances of money laundering or terrorist financing, and are submitted by financial institutions and other professionals such as agents, solicitors and accountants.
A statement from the National Crime Agency (NCA) says SARs “provide information and intelligence from the private sector that would otherwise not be visible to law enforcement. SARs can also be submitted by private individuals where they have suspicion or knowledge of money laundering or terrorist financing.”