British officials, a financial sector advocacy group and 10 banks will join an anti-money laundering pilot program over the next 12 months, the U.K. Home Office said Wednesday. The Joint Money Laundering Intelligence Taskforce, JMLIT, will serve as a forum for the banks and law enforcement agencies to share and analyze financial data potentially linked to money laundering, the office said in a statement. The British Bankers Association will distribute JMLIT's findings to banks via an alert service scheduled to launch in April. In addition to the Home Office and banking association, the National Crime Agency (NCA), City of London...
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