On 9th July, RUSI published a Commentary about the recent Law Commission’s report, which provides useful analysis of the problem(s) facing the UK AML framework but, the article syas, lacks a bold blueprint for reform of the UK’s suspicious activity reporting (SAR) regime. The report is part of a long-standing (and much delayed) commitment by the government to overhaul the SAR regime. RUSI says that it was hoped – by public and private sectors alike – that the Law Commission’s consultation would offer some bold proposals for reform of a system that is widely agreed to be broken and not serving the original intentions of the regime.
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