Hansard

Suspicious Activity Reports

Volume 698: debated on Monday 28 January 2008

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Baroness Neville-Jones

asked Her Majesty's Government:

What is the total sum of money collected relating to the suspected financing of terrorism through the suspicious activity reports (SAR) regime since it was created; and [HL1145]

What is the total sum of money collected relating to the suspected financing of terrorism through the suspicious activity reports (SAR) regime in the past 12 months. [HL1146]

The Parliamentary Under-Secretary of State, Home Office
(Lord West of Spithead)

Statistics on the amount of money seized as a result of information received through suspicious activity reports (SARs) on the suspected financing of terrorism have been collected by the national terrorist financial investigation unit (NTFIU) of the Metropolitan Police since September 2006.

Since that date, £1,027,280 has been seized by the NTFIU for further investigation into the origins of the money and the intentions of the transacting parties following SARs of suspected terrorist financing passed on to them from the Serious Organised Crime Agency (SOCA). It is not possible to provide further details of the transactions or a breakdown of this figure due to the need to protect ongoing operations.