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Home Office

Answer

Mr. Cousins: To 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 Flint: The 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. _________________________________________________________________________________________________. 2001 2002 2003 Total Suspicious Activity Reports 19,355 36,694 63,601 (SARs) from deposit taking banks Percentage of above SARs from top 82.29 91.57 90.38 10 bank sources Total SARs from building 2,294 3,704 5,210 societies Percentage of above SARs from top 74.28 66.79 66.55 10 building society sources Total SARs from deposit takers 21,649 40,398 68,811 Percentage of above SARs from top 79.56 83.61 83.76 10 deposit taking sources _________________________________________________________________________________________________.

Secondary information

Type

Written question

Reference

424 c858W;424 c858-9W; 185590

Session

2003-04

Subjects

Disclosure of information Money laundering

Contains statistics

Yes

Link

View this Written question on www.publications.parliament.uk