The UK Financial Intelligence Unit (UKFIU) has released its latest SARs Annual Report, highlighting the vital role of suspicious activity reporting (SAR) in tackling economic crime. Here are the key takeaways:
- 866,616 SARs submitted in 2024-25.
- £382.6m denied via DAML SARs – a record high.
- Faster turnaround: DAML decisions now average 2.8 days.
- Focus on terrorist financing: £3.2m restrained through DATF SARs.
- SAR Portal is now the main submission route, improving quality and efficiency.
Why it matters: High-quality SARs help disrupt criminal activity and protect the legal sector. Firms should ensure timely, accurate reporting and make use of UKFIU guidance and engagement opportunities.
Read the full report – UKFIU SARs Annual Report 2025
Access CRL’s SAR guidance – Reporting suspicious activity – CILEx Regulation
