| Description |
1 online resource (approximately 59 pages) |
| Series |
Occasional paper / Royal United Services Institute for Defence and Security Studies, 2397-0286 |
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RUSI occasional paper. 2397-0286
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| Contents |
Executive summary. -- Introduction. -- I. Going beyond the government narrative. -- II. Supervisors and supervision. -- III. Looking at the professional services sectors -- commonalities and differences. -- IV. Non-SAR intelligence from professional services providers. -- Conclusion |
| Summary |
This paper sets out the findings of a fifteen-month research project undertaken by the Centre for Financial Crime and Security Studies at RUSI, examining the structural, systemic and cultural issues in the UK's anti-money-laundering (AML) regime as it relates to information and intelligence flows to and from the non-financial sectors of legal services, accountancy service providers (ASPs), property and estate agencies, and trust and company service providers (TCSPs). These sectors were selected for this study because they were highlighted as medium- or high-risk areas in the National Risk Assessment of Money Laundering and Terrorist Financing 2015 (NRA 2015). The gaps identified undermine the understanding in the UK of money laundering, particularly using the services of professionals to launder large amounts of money (such as the proceeds of overseas corruption or large-scale fraud), 'wittingly or unwittingly through the UK financial sector and related professional services', otherwise known as high-end money laundering (HEML). In relation to the government narrative, the authors' research finds that continuing to silo intelligence collection, dissemination and risk assessment primarily along sectoral lines neglects the overlaps and interplay between sectors in supporting the activities that underpin non-cash money laundering. This paper also examines the nature and scale of information sharing relationships between the public and private sectors: the dynamic and free-flowing intelligence-sharing relationships outside the SARs regime are increasingly being recognised as a bedrock of a well-functioning AML intelligence regime |
| Notes |
"April 2018." |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from PDF title page (RUSI, viewed June 13, 2018) |
| Subject |
Money laundering -- Great Britain -- Prevention
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Professions.
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Money laundering -- Prevention.
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Professions.
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Great Britain.
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| Form |
Electronic book
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| Author |
Artingstall, David, author
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Campbell, Haylea, author
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Moiseienko, Anton, author
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Royal United Services Institute for Defence and Security Studies, publisher.
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