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U.K. investigators are routinely failing to follow up on confidential disclosures by banks of suspicious payments that may represent the proceeds of foreign corruption, according to an intergovernmental group. British authorities receive some 380,000 suspicious activity reports each year from banks and other financial institutions, but there is "no record" of any having triggered an investigation of overseas bribery from February 1999 to October 2016, the Organization for Economic Cooperation and Development claimed in a 106-page report published Thursday. More than 100 allegations of a U.K. nexus to acts of foreign corruption were made during that time but at least...