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A legal provision that allows financial institutions in the United Kingdom to file suspicious activity reports, or SARs, jointly on mutual clients has not been used since the measure came into force almost one year ago, a senior investigator said. Under the Criminal Finances Act 2017, banks, money services business, law firms and other entities regulated for anti-money laundering purposes can exchange data on suspected financial criminals and together file a "super SAR" to the U.K. financial intelligence unit, or UKFIU, with the aim of providing law enforcement a more comprehensive view of the activity in question. But despite the...