Statistics from the JFIU Suspicious Activity Reports (SARs) Q4 2023 Industry Feedback
05/02/2024
Here are some key statistics from the JFIU Suspicious Activity Reports (SARs) Q4 2023 Industry Feedback
In Q4 2023
- 446 SAR reports were submitted under the POCJL,
- 3 SARs submitted under the TJL.
in analysing the 449 SARS, this update will identify.
- Top 5 sectors reporting SARs,
- Top 3 crimes reported, and
- Top 3 countries associated with predicate criminality.
The top of the lists are as follows:-
Top 5 SARs by Reporting Sector in Q4 2023:
- Banks reported 266 SARs,
- Trust and Company Service Providers (TCSP) reported 135 SARs.
- Accountants reported 27 SARs.
- Regulators reported 18 SARs.
- Lawyers Reported 13 SARs
Top 3 crimes reported in Q4 2023::-
- Fraud was the most reported criminal activity, with 140 cases.
- Other undetermined criminal activities were reported 137 times.
- Tax crimes were reported 103 times.
Top 3 Countries of Predicate Criminality in Q4 2023:
- Jersey was the top country with 114 cases.
- The United Kingdom had 100 cases.
- China had 43 cases.
For the complete lists of the above and more please refer to the Source document and p.3, p.10, p.14, p.22
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.