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The National Crime Agency (NCA) is facing severe criticism over weaknesses in its attempts to combat money laundering

21 December 2015

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Previously, the NCA has conceded that its system for monitoring suspicious financial transactions is neither effective nor efficient.

Submissions to a Home Office consultation on the issue from the Law Society and the Electronic Money Association include claims that:

· An NCA database is slow and often crashes when lawyers and financial industry professionals try to file suspicious activity reports (SARs).

· Delays in checking transactions risk tipping off criminals that their finances have been flagged for monitoring.

· NCA officers have a lack of money-laundering knowledge.

The criticism is strong evidence of the NCA’s shortcomings and can only help confirm the belief of many in legal circles that a strong, informed defence case stands a very good chance of success in any case brought by the Agency.

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