UK: STATEMENT AFFIRMS THE GOVERNMENT’S ENDORSEMENT FOR CROSS-BORDER INFORMATION-SHARING WITHIN CORPORATE GROUPS TO COMBAT ECONOMIC CRIME AND LINKS TO BEST PRACTICE

On 12 May, a news release from the Home Office announced that the guidance includes that from FATF and the Information Commissioner’s Office.  The guidance provides best practice which allows regulated entities to responsibly share data on a group-wide basis where it will lead to better economic crime outcomes.  The UK Government has endorsed the guidance and affirms the value of well-governed information-sharing.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/883932/Corporate_Group_Cross-Border_Sharing_-_public_statement_for_publication.pdf

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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