New Threshold for Defence Against Money Laundering SAR

21 July, 2025

Please note that the thresholds for submitting a Defence Against Money Laundering (DAML) Suspicious Activity Report (SAR) will rise to £3,000 from £1,000 on 31 July 2025 in line with new legislation: the Proceeds of Crime (Money Laundering) (Threshold Amount) Order 2025.

Practices and firms will not commit money laundering offences if the value of the criminal property in the proposed transaction is less than £3,000. One aspect of this is that practices/firms can return money to a client/customer to end the business relationship without committing a criminal offence if the value of the suspected criminal property is below £3,000.

This new threshold likely covers most payments on account that CLC practices receive during conveyancing transactions. If the value of the suspected criminal property is above £3,000 then a DAML SAR is required in order to avoid committing a criminal offence and the usual process followed.

If you have any questions about this then please contact our dedicated AML mailbox: aml@clc-uk.org