The National Crime Agency (NCA) has issued an announcement regarding authorised disclosures submitted under section 338 of the Proceeds of Crime Act 2002 (POCA). From 15 September 2014, disclosures that omit either the reasons for suspicion or a statement regarding criminal property will be rejected. When a disclosure is rejected, the reporter will be sent […]

Independent newspaper Exclusive: Criminals and corrupt officials from around the globe take advantage of Britain’s lax corporate rules – An investigation by The Independent and the Organised Crime and Corruption Reporting Project, an NGO, has identified dozens of firms in a global web spreading from Birmingham to Belize. The scam appears to have gone on […]

The Independent is passing details of the transactions to the banks. Mr Sarco said: “We hope our colleagues [at Britain’s National Crime Agency] will uncover what activity took place in the UK, but our main difficulty is that the relevant authorities in the Russian Federation are being less co-operative.” He said he had contacted the […]

Call it the Laundromat. It’s a complex system for laundering more than $20 billion in Russian money stolen from the government by corrupt politicians or earned through organized crime activity. It was designed to not only move money from Russian shell companies into EU banks through Latvia, it had the added feature of getting corrupt […]

The National Crime Agency report that three drugs smugglers were intercepted by the border agency trying to import one and a half tonnes of cannabis have been jailed for a total of 27 years on 13 August. It is estimated the haul would have had a street value of around £4.5 million. 3 October 2014 […]

The joint Cybercrime Action Taskforce (J-CAT), an initiative of the European Cybercrime Centre, the US’ Federal Bureau of Investigation (FBI) and the UK’s National Crime Agency (NCA) to tackle cybercrime internationally has been launched. It will be led by the Deputy Director of the NCA’s national cyber crime unit and has members from around the […]

The NCA has published a new guidance note from the United Kingdom Financial Intelligence Unit (UKFIU) on submitting a Suspicious Activity Report (SAR) within the regulated sector. This provides additional guidance on • the type of information which the NCA finds useful in a SAR and • other practical issues relating to SAR submission http://www.nationalcrimeagency.gov.uk/publications/116-submitting-a-sar-within-the-regulated-sector/file