PARLIAMENTARY WRITTEN QUESTION
Financial Services: Fraud (1 February 2021)

To ask the Secretary of State for the Home Department, how many suspicious activity reports were filed with regulators in (a) the UK and (b) other countries by UK based financial institutions in each of the last five years.

Asked by:
Pat McFadden (Labour)

Suspicious Activity Reports are submitted by reporters to the UK Financial Intelligence Unit within the National Crime Agency.

In the last 5 years, the following volumes of Suspicious Activity Reports have been received by the UK Financial Intelligence Unit. The UK Financial Intelligence Unit does not hold data on whether an institution is based in the UK.

	April 2019 to March 2020	April 2018-March 2019	April 2017-March 2018	October 2015 to September 2016	Oct 2014 to Sept 2015
Credit institution – banks	432,316	383,733	371,522	348,688	318,445
Credit institution – building societies	30,579	21,714	19,640	15,078	15,806
Credit institution – others	8,080	10,203	13,678	13,222	11,828
Financial institution – MSBs	17,701	18,940	21,198	10,091	11,120
Financial institution – others	58,930	24,911	21,446	14,496	6,835

The Home Office or National Crime Agency does not hold information relating to Suspicious Activity Reports submitted to other countries.

Suspicious Activity Report submission volumes can be found in the SARs Annual Reports which are published by the National Crime Agency, which includes breakdowns by sector. The 2019-2020 report can be found here:

https://www.nationalcrimeagency.gov.uk/who-we-are/publications/480-sars-annual-report-2020/file

Answered by:
Kit Malthouse (Conservative)
5 February 2021