Suspicious activity reports: Use of glossary codes
As reporters of suspicious activity reports (SARs) will know, the National Crime Agency (NCA) has for some time encouraged use of its glossary codes to help identify the nature of the reported offence. These codes are available from the NCA website.
All previous glossary code documentation was superseded by the latest glossary published earlier in November 2020. The new codes are active with immediate effect. Practitioners are strongly encouraged to use the glossary codes when making reports. The list of codes is segmented into some straightforward categories such as economic crimes (includes tax offences), high end money laundering, vulnerable persons and so on. Specific codes have also been introduced covering offences relating to Covid-19.
Unfortunately, the current SARs online reporting system does not contain any drop down menus for code selection. Reporters are therefore advised to include the appropriate code in the narrative of their report.