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United Kingdom Suspicious Activity Reports (SARs) Financial Services Industry

A&O Shearman

UK Financial Intelligence Unit SARS report published

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The UK Financial Intelligence Unit (UKFIU) has published its annual report on suspicious activity reports (SARs) for the period between April 2023 and March 2024. The annual report structure has been updated due to a number...more

White & Case LLP

A call to arms: The FCA highlights the ongoing risk of money laundering through the capital markets

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The UK's capital markets are a vital economic driver, and also a significant source of money laundering risk. This is a difficult area of risk for regulators and law enforcement to understand and tackle, but progress is being...more

A&O Shearman

English High Court provides important clarification of Banks’ ‘Quincecare Duty’

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The so-called ‘Quincecare duty’ has received heightened attention in the English courts in recent years. The duty requires a bank not to execute a customer’s payment instructions where, and for so long as, the bank has...more

White & Case LLP

Winning the AML Intelligence War with Public Private Partnerships

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Key considerations for banks engaging with governments and peer institutions to improve financial crime compliance systems - Every year, banks spend billions of dollars on core financial crime compliance systems and are...more

A&O Shearman

Corporate criminal liability risk increases for financial services

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A proposed new UK law contains the largest expansion of UK corporate criminal liability since the Bribery Act 2010 and one of the most significant overhauls of money laundering and proceeds of crime legislation in the last...more

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