In this edition we examine virtual assets – what they are, how they work, complexities faced by law enforcement and the role SARs and reporters can play. We hear from the NECC, the National Police Chiefs’ Council cybercrime programme and the reporting sector, and examine the impact of the fifth money laundering directive regulations on SARs regime stakeholders. Note: value based analysis of cryptocurrency/virtual assets referenced in the podcast was accurate at the time of recording.
Did you know that SARs are a valuable source of financial information for safeguarding potentially vulnerable members of society? Or that the UKFIU identifies and fast-tracks such SARs to police forces who will, in many cases, arrange visits by local officers to offer advice to prevent fraud or further losses? In this podcast we speak to reporters and law enforcement to learn the value of such fast-tracking and hear the measures they’re taking to help safeguard communities to prevent fraud.
In this podcast we chat with Graeme Biggar, Director General of the National Economic Crime Centre (NECC). Graeme discusses: the work and remit of the NECC, particularly with regards to the UKFIU’s position in it; the headline figures from the 2020 SARs Annual Report; plans for the future of the UKFIU and the SARs regime; and how SARs can make a big difference in cutting serious organised crime.
County Lines describes gangs and organised criminal networks involved in moving illegal drugs across the UK, using dedicated mobile phone lines, and frequently exploiting children and vulnerable adults to move drugs and money.
In this podcast, we look at how Suspicious Activity Reports are being used to tackle this criminality, the UKFIU's work to identify this threat and the work being undertaken by the National County Lines Coordination Centre to enhance the law enforcement response.
Episode 4: UKFIU-led project focuses on the financial flows associated with online child sexual abuse
The fourth in the series of UKFIU podcasts focusses on a specific international project led by the UKFIU alongside the financial intelligence units of Australia and the Philippines. This project focused on online child sexual abuse and exploitation and on the financial flows associated with it.
Panellists in the podcast feature representatives from the UKFIU, the Australian and Philippines FIUs and the NCA’s International Liaison Officer network.
In this episode we hear from law enforcement agencies and get their views on what, in their opinion, makes a good quality Suspicious Activity Report (SAR).
We get their thoughts on the value of such financial intelligence and what reporters could be doing to help maximum benefit to law enforcement.
The latest UKFIU podcast looks at modern slavery and human trafficking (MSHT) and the importance of SARs information in this. Reporters are in a unique position to help combat this crime.
Panellists from the UKFIU and the NCA Modern Slavery Human Trafficking Unit discuss what assists law enforcement and helps to safeguard victims.
The UKFIU’s first podcast focuses on the SARs Frequently Asked Questions document aimed at helping reporters submit good quality SARs to provide maximum benefit to law enforcement.
Panellists from Santander, the Phoenix Group and Gemini share their perspectives and experience of the SARs regime.