Reach for the SARs

The volume of suspicious activity reports in the UK rises year on year: the total stood at 463,938 in 2018, when the Financial Action Task Force last evaluated the jurisdiction; by 2022, it was 901,255. Jonah Anderson and Steve Rowland of White & Case look at whether the UK's financial intelligence unit is equipped to cope.

Jonah Anderson (+44 (0)20 7532 2293, jonah.anderson@whitecase.com) is a partner and Steve Rowland (+44 (0)20 7532 2138, stephen.rowland@whitecase.com) a professional support lawyer at White & Case. Any views expressed in this article are strictly those of the authors and should not be attributed in any way to White & Case LLP.

The volume of suspicious activity reports in the UK rises year on year: the total stood at 463,938 in 2018, when the Financial Action Task Force last evaluated the jurisdiction; by 2022, it was 901,255. Jonah Anderson and Steve Rowland of White & Case look at whether the UK's financial intelligence unit is equipped to cope.