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U.K. Law Enforcement Use of SARs Falling Short, Agency Says
By Matt Squire
printUnited Kingdom law enforcement agencies are not using suspicious activity reports (SARs) to their full potential for identifying and stopping money laundering and terrorist financing, according to a report by the country's top criminal intelligence unit. The use of SAR data by police, prosecutors and other end users "remains patchy with significant areas of weakness" according to the report, issued Wednesday by the U.K.'s Serious Organized Crime Agency (SOCA). The report said that the U.K.'s Financial Intelligence Unit, a branch of the criminal intelligence agency responsible for receiving and analyzing SARs and making them available to law enforcement, needs to...
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