The UK Financial Intelligence Unit (UKFIU) published its SARs Annual Report 2024 (April 2023 – March 2024)
30/03/2025
The SARs Annual Report 2024 (April 2023 – March 2024) has been published by the UK Financial Intelligence Unit (UKFIU).
This edition provides an updated overview of the Suspicious Activity Reports (SARs) regime, highlighting:
- The rollout of the new SAR Portal and the decommissioning of SAR Online
- Trends in Defence Against Money Laundering (DAML), including an increase in DAML refusals and improved report quality
- International Collaboration and analysis of key predicate offences linked to inbound and outbound requests
- Updates on Terrorist Financing intelligence and related interventions
- Enhanced engagement with reporters, supervisors, and Law Enforcement agencies
- A revised breakdown of reporting entities by sector, aligned with the new registration framework
The report also reflects the impact of the raised DAML threshold and a more targeted use of asset denial powers by law enforcement.
Read the report:- https://www.nationalcrimeagency.gov.uk/who-we-are/publications/747-sars-annual-report-2024/file
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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.