Home Office calls for evidence on SARs regime: The Home Office has issued a call for evidence seeking views on the Suspicious Activity Reports (SARs) regime. The review forms part of the UK's Anti-Corruption plan. The Home Office wants views, in relation to both money laundering and terrorist finance suspicion reporting, on how to:
- improve the regime;
- develop ways of better identifying money laundering and terrorist financing;
- streamline the reporting process; and
- prevent the abuse of the UK financial system by criminals and terrorists.
It seeks views by 25 March. (Source: Home Office Calls for Evidence on SARs Regime)