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Britain Plans Financial Intelligence Boost

By Koos Couvée

Britain is set to increase the size of its financial intelligence unit, UKFIU, to almost 200 employees, 14 years after having pledged to do so to an international group that promulgates and assesses compliance with global anti-money laundering standards. In a 50-page progress report on implementation of their country's public-private strategy against economic crime, U.K. officials said Tuesday that UKFIU would expand from 120 full-time employees to 190 next year amid the development of a new digital platform for filing and reviewing suspicious activity reports, or SARs, which topped 570,000 last year. Britain adopted the strategy in July 2019, nine...

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