The number of suspicious activity reports (SARs) submitted by financial firms to the Financial Conduct Authority (FCA) has been steadily increasing year over year since 2017, according to official data.
The figures, disclosed in the recently published FCA report called Financial Crime: analysis of firms’ 2017-2020 REP-CRIM data shows that reports of suspicious activity by staff members concerned, suspicious or aware of illicit financial activity, have risen from 887,500 i...
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