STRs WIDELY USED ACROSS LAW ENFORCEMENT, WITH MANY AGENCIES HAVING ACCESS TO FILES
July 30th, 2022
Suspicious transaction reports (STRs) often receive bad press in AML circles, experts claiming they are too expensive, numerous and often containing little value for law enforcement investigations. However, the truth is that STRs are widely used to investigate and prosecute money laundering and associated predicate offences, even if the debate continues over their cost effectiveness.
In the UK, STRs are referred to as suspicious activity reports (SARs) and have been used since 1987 (1). While their primary purpose, according to the UK's National Crime Agency ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.