According to the UK Financial Intelligence Unit’s Annual Report 2022 on Suspicious Activity Reports (SARs) published in Jan 2023, the National Crime Agency received a huge number of SARs last year- a 21% increase on the previous year and consistent with the exponential growth in the number of SARs submitted since the NCA was established in 2013.
Jonathan Fisher KC, writing for Counsel Magazine, asks “is the swamped SARS regime efficacious?” and sets out the case for cost/benefit analysis and reform.
Read article here pp 42-43: [Counsel Magazine ]
Jonathan Fisher KC specialises in money laundering cases and is ranked by the independent legal directories in Band 1 for proceeds of crime, financial crime, and business crime cases. He has been described in the directories as “a fantastic silk who is an absolute must if you require responsive and intelligent, yet practical, advice”, “having great gravitas …where the stakes are high” and “calm, sure and deadly at spotting the weaknesses of the opponent’s case”. Jonathan holds a PhD from The LSE where he is a Visiting Professor in Practice and an Honorary LLD from UWE. He is Editor Emeritus of Lloyds Law Reports: Financial Crime. Read more here: [Jonathan Fisher KC Profile]