National Crime Agency publishes guidance on Suspicious Activity Reports

The UK’s National Crime Agency (NCA) published guidance on submitting better quality Suspicious Activity Reports (SARs) on 9 March, which relates to the submission of SARs pursuant to the Proceeds of Crime Act 2022 or the Terrorism Act 2000. The guidance includes sections on the following: how to submit a SAR, the basic structure of a SAR, obtaining a defence against money laundering or terrorist financing, general guidance, good practice tips, examples, and SAR glossary codes.