Plans to build bank account portal cancelled
The Home Office has decided not to build a bank account portal following a review of its likely costs and benefits.
In April 2016, the government committed to reform the suspicious activity reports (SARs) regime in its action plan for anti-money laundering and counter-terrorist financing.
The reform programme is ambitious and covers ways to:
An improved SARs regime should result in better and more frequent publication of typologies to help solicitors understand how criminals might approach them, and what to look out for.
The UKFIU is inviting all members of the regulated sector to respond to a short survey, to help the UKFIU understand how well it’s supporting reporters and the impact of changes being made.
The survey closes at 6pm on 22 October 2021.
If you have any questions, email UKFIUengagement@nca.gov.uk.
To get involved in user feedback and testing, email email@example.com.
The NCA will continue carrying out user testing with SAR Online users.
It’s also due to start user research with law enforcement agencies and other government departments.
The NCA has created a demo video on the new portal. We will circulate this as soon as possible.