Posted by Tim Thomas | Partner
On 2nd December 2019
The National Crime Agency’s Financial Investigation Unit (FIU) report in to Suspicious Activity Reports (SARs) and Defence Against Money-Laundering (DAML) requests for the period 2018/19 was published recently. It makes for fascinating reading, especially coming so soon after the Transparency International Report (TI) setting out the influx of £4bn in ‘suspect’ funds into the UK.
The FIU report is the first one where the provisions of the Criminal Finances Act 2017 have had a significant impact on the headline figures.