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SAR
Suspicious activity reporting
Cardaq follows all rules and procedures and is registered in National Crime Agency to submit the SAR reports. Suspicious Activity Reports (SARs) alert law enforcement to potential instances of money laundering or terrorist financing.
SARs are made by financial institutions, solicitors, accountants, and estate agents, and are a vital source of intelligence not only on economic crime but on a wide range of criminal activity.
They provide information and intelligence from the private sector that would otherwise not be visible to law enforcement. SARs can also be submitted by private individuals where they have suspicion or knowledge of money laundering or terrorist financing.
Is SAR necessary?
SAR policy reminder
Please note that based on regulations, we cannot inform our customers about submitted SARs or provide updates regarding the investigation's status. If a SAR report was submitted on your account as a Cardaq Limited customer, please stay with us and remain patient as we act in accordance with our policies, procedures, and regulatory requirements from law enforcement authorities. Your funds will be protected during the investigation and held in dedicated safeguarding accounts.