Brexit & EconomyPoliticsProtection call for SOCA tip-offs

Protection call for SOCA tip-offs

Profession calls for protection for those who provide suspicious activity reports to the SOCA

The profession is lobbying government to pass legislation that will protect
the identities of those who provide suspicious activity reports to the Serious
Organised Crime Agency.

The call from the profession comes after confirmation from SOCA that it had
received a single notification of a breach of confidentiality.

In a technical release published by the ICAEW last week, the institute said
members and office holders had expressed continuing concern over the
confidentiality of suspicious activity reports and vowed that it would continue
lobbying authorities for a statutory code governing the use of reports by legal
enforcement agencies.

The Home Office has released a circular to enforcement agencies containing
guidelines on the confidentiality of suspicious activity reports and protection
of reporters.

The circular makes it a disciplinary offence to compromise the
confidentiality of a suspicious activity report and is applicable to officials
working for HM Revenue & Customs, the Crown Prosecution Service and the
Asset Recovery Agency.

The ICAEW has welcomed the Home Office guidance as a step forward, but
emphasised that legal protection was still required as the guidance did not
apply to all law enforcement agencies who used the suspicious activity reports.

Related Articles

5 key takeaways from Theresa May’s Florence speech

Brexit 5 key takeaways from Theresa May’s Florence speech

4w Alia Shoaib, Reporter
UK at risk of Brexit talent brain-drain

People Practice UK at risk of Brexit talent brain-drain

2m Alia Shoaib, Reporter
Brexit essentials: this week's round-up

Politics Brexit essentials: this week's round-up

2m Alia Shoaib, Reporter
Less than a third of UK businesses have made formal Brexit plans

Politics Less than a third of UK businesses have made formal Brexit plans

3m Alia Shoaib, Reporter
Nicky Morgan elected Chair of the Treasury Committee

Politics Nicky Morgan elected Chair of the Treasury Committee

3m Alia Shoaib, Reporter
Government publishes post-Brexit customs arrangements policy paper

Politics Government publishes post-Brexit customs arrangements policy paper

2m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

3m Emma Smith, Managing Editor
Increased government spending partly offset by high tax revenue

Governance Increased government spending partly offset by high tax revenue

3m Alia Shoaib, Reporter