Protection call for SOCA tip-offs
Profession calls for protection for those who provide suspicious activity reports to the SOCA
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.
The numbers you crunch tell a story. Your expertis...
19yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleNigel Farage has pledged to raise the personal tax-free allowance to £20,000, a move the Institute for Fiscal Studies says could cost up to £80bn annu...
View articleThe Bank of England will delay its much-anticipated interest rate decision tomorrow (Thursday, May 8) by precisely two minutes to observe a national m...
View articleChancellor Rachel Reeves has ruled out any increases to UK wealth taxes in the upcoming Autumn Budget, putting an end to speculation over potential hi...
View articleWhen Chancellor Rachel Reeves rises to deliver her Spring Statement on Wednesday, she will be doing so with a tighter fiscal straitjacket than any of ...
View articleAccountants urged to monitor fiscal impact amid rising debt concerns Read More...
View articleTo fund this sustainably, the top one percent of high-value properties, such as large warehouses used by online giants will be asked to pay more to su...
View articleThe UK’s tax landscape faces its most significant overhaul in decades with the new Finance Bill potentially marking the end of non-dom tax statu...
View articleFollowing the UK Budget announcement, key figures across finance, tax, and business have responded to the Chancellor’s measures, highlighting potentia...
View article