Skip to main content

Quarterly Statistics Report - A Breakdown of Suspicious Activity Reports - Quarter 1 2023

Q1 2023 - SAR Report

Return To News


This report presents statistics in relation to Suspicious Activity Reports (SARs) received by the Isle of Man Financial Intelligence Unit (FIU) in the first quarter of 2023. Reporting of suspicious activity is essential for the combatting of money laundering, terrorist financing and proliferation financing (AML/CFT/PF) both on the Isle of Man and beyond our shores. As the receiving agency for SARs, the FIU receives information both as required by Isle of Man legislation and by the Financial Action Task Force (FATF) Recommendations 20 and 23.

Analysis of the information contained within SARs in addition to analysis of the types and volumes of SARs received can provide insight into trends, risks, emerging threats and typologies. All of which allow insight into ways the Isle of Man can improve its response to AML/CFT/PF threats.

Link to the Report