FCA publishes the number of STORs received in 2019

The FCA has recently published a report with figures of suspicious transaction and order reports (STORs) received in 2019, pointing out the importance of high-quality STORs in the process of identifying harm in financial markets.

The FCA’s data show that while there was an increase in the number of STORs received since 2016, in 2019 the number of STORs was 5455 compared to 5926 in 2018 demonstrating a slight decrease in the numbers due to, among, others, companies taking more effective measures in combating financial crime risks.

https://www.fca.org.uk/news/news-stories/fca-publishes-number-stors-received-2019

Further to the above, ESMA’s recent peer review on the collection and use of STORs illustrated that the UK has performed well in key areas of STOR supervision.

https://www.esma.europa.eu/sites/default/files/library/esma42-111-4916_-_stor_peer_review_report.pdf

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