News

U.K. officials will consider introducing "tactical targeting orders" to collect financial intelligence on a temporary basis from businesses and professions that under usual circumstances are not required to provide any. The proposed measure, which the government disclosed Friday in a 76-page report on economic crime, would be modeled on the geographic targeting order, or GTO, an administrative tool that imposes enhanced reporting rules on firms U.S. officials suspect are being used to launder funds outside of the formal financial system. By July 2020, U.K. officials will "assess whether such a power would assist with the collection of intelligence on particular...