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Reforming SARs—reflections on the reform programme

Published on: 06 January 2020
Published by: LexisPSL
  • Reforming SARs—reflections on the reform programme
  • What was the background to the SARs reform programme announced in the Economic Crime Plan 2019?
  • Why was reform necessary? How does it feed into the government’s wider economic-crime and asset recovery goals?
  • What steps have already been taken and what is the future of this programme likely to look like?
  • How effective is the current system for combatting money laundering and how is this likely to change after we leave the EU?

Article summary

Corporate Crime analysis: The government has pledged to reform suspicious activity reports (SARs) to ensure UK enforcement agencies and IT systems are prepared to effectively prevent and tackle money laundering and terrorist financing. Max Hobbs, solicitor, and Neill Blundell, head of corporate crime and investigations practice at Macfarlanes, consider the strength of the UK’s existing SAR regime and suggest what changes practitioners can expect from the reform programme as we enter 2020. or take a trial to read the full analysis.

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