Suspicious Activity Reports (SARs) and Defence Against
Money Laundering (DAML) in the UK

Understanding Suspicious Activity Reports (SARs) and Defence
Against Money Laundering (DAML) requests are crucial for businesses and
individuals subject to the UK’s anti-money laundering regime. These tools play
a pivotal role in combating financial crimes, such as money laundering and
terrorist financing, ensuring the integrity of the financial system. According
to the National Crime Agency (NCA), 901,255 SARs were submitted in the 2021-22
financial year, showcasing their importance and urging reporters to correctly
and efficiently complete these reports

Registering on the SAR Portal

To submit SARs, entities and individuals must register
through the NCA's SAR Portal. This process ensures secure submissions and
facilitates communication with the NCA. Registration steps include:

Organisational users can invite colleagues to register if
required. Portal access enables reporters to file SARs, receive automated
acknowledgements, and initiate DAML requests for legal protection

What Makes a Quality SAR?

Filing a high-quality SAR improves the likelihood of
effective investigations by law enforcement. Such reports must include:

Compliance Consultant
offers financial regulatory compliance guidance, including FCA authorisation and risk management. Founded in 2000, Compliance Consultant has provided tailored solutions to firms of all sizes. You can reach us by:

Visiting our website: https://complianceconsultant.org.

Emailing us at: info@complianceconsultant.org.

Calling us in the UK at 0800 689 0190.

Scheduling a call directly at: https://bit.ly/CCDiscovr.