UK CRIME AGENCY REVEALS PROGRESS OF SAR REFORM PROGRAMME

On 30 November, Regulation Asia reported that the NCA has unveiled details of a project to reform the SAR regime, amid a large increase in the number of submissions from financial institutions and other reporting entities. There would be a new single interface providing access to search, analysis and visualisation tools. reporters will see the SAR Online portal upgraded.  The SAR reform programme, led by the Home Office, has continued to develop during the year, the NCA said in the report.  The project will provide a “modern suite of IT services” enabling law enforcement search and analysis of SAR in a single solution, SAR reporting (portal and bulk), and UKFIU database and tools to manage the progress of SAR.  The reform project follows a recommendation from FATF in its 2018 mutual evaluation report of the UK, saying “the SAR regime needs a significant overhaul which would improve the financial intelligence available to the competent authorities”.

https://www.regulationasia.com/uk-crime-agency-reveals-progress-of-sars-reform-programme/

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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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