NCA issues globally relevant red alert on abuse of gold to evade sanctions on Russia
The UK’s National Crime Agency (NCA) has issued a Red Alert to financial institutions and other members of the regulated sector warning that Russia is using gold as a means to undermine the impact of the UK sanctions regime. The Red Alert is relevant in…
Banks filed record number of SARs last year, Russian sanctions a factor
Banks are providing by far the greatest number of suspicious activity reports (SARS) to the UK’s National Crime Agency (NCA) according its latest report which features statistics covering the years 2020-21 and 2021-22. The agency’s 2022 Suspicious Activity Report (SARs) Annual Report also shows that…
