§ Mr. CousinsTo ask the Secretary of State for the Home Department how many deposit-taking institutions reported possible money laundering offences to the National Criminal Intelligence Service in(a) 2001, (b) 2002 and (c) 2003; and what proportion of the total disclosures and reports were made by the top 10 sources of such reports in each year. [185590]
§ Caroline FlintThe Proceeds of Crime Act 2002 imposes an obligation upon individuals and business in the regulated sector undertaking relevant business such as accepting deposits, to make disclosures to the National Criminal Intelligence Service (NCIS) where they have knowledge, suspicion or reasonable grounds to know or suspect that another person is engaged in money laundering These disclosures are commonly known as Suspicious Activity Reports (SARs).
The information requested, based on disclosures input on to the NCIS database, is set out in the table.
859W
2001 2002 2003 Total Suspicious Activity Reports (SARs) from deposit taking banks
19,355 36,694 63,601 Percentage of above SARs from top 10 bank sources
82.29 91.57 90.38 Total SARs from building societies 2,294 3,704 5,210 Percentage of above SARs from top 10 building society sources
74.28 66.79 66.55 Total SARs from deposit takers 21,649 40,398 68,811 Percentage of above SARs from top 10 deposit taking sources
79.56 83.61 83.76