SARs in Action Issue 37

IPA Insolvency Practitioner newsletter, August 2026

SARs in Action is a regular online magazine published by the UK Financial Intelligence Unit (UKFIU), and the latest edition can be found here.

Members may find the article on Professional Enablers of particular interest. The article starts at page 11, and there is a guide at page 14 of indicators for when a professional enabler may be aiding money laundering which we would urge members to review. The bullet points include matters the IPA has raised regarding due diligence consideration regarding properly checking and dealing with ‘red flags’ from verification sources and also checking and scrutinising the ‘worth’ of an entity as part of due diligence work.

There is also a useful section in this edition on DAML requests which outlines how the NCA process and deal with requests as part of SAR reporting.