Dare to Share: Information and Intelligence Sharing within the UK’s Anti-Money Laundering Regime

• In Event: Insights into Money Laundering: Financial Facilitators, Intelligence Sharing and Pricing Dynamics

Abstract

This study explores the crucial role that intelligence and information sharing practices play in the UK anti-money laundering landscape. Presenting a nuanced framework, the study assesses the spectrum of data sharing practices, ranging from highly structured to more organic approaches in state intervention, and integrating varying levels of formality, encompassing both mandatory and voluntary elements. Drawing comparisons with the United States, the study sheds light on the divergent strategies employed in the two contexts. Analysis reveals that the dynamics of data sharing in AML efforts are shaped by three pivotal constraints and enabling factors. These include the establishment of formal rules governing sharing practices and standardised interpretations, cultural shifts towards trust and reciprocity, and strategic resource allocation involving technological investments and human resources for data analysis. Such insights offer valuable guidance for policymakers and practitioners in optimising collaborative efforts and enhancing the efficacy of AML initiatives in the UK and potentially beyond.

Authors

• Diana Bociga, University of Manchester

• Nicholas Lord, University of Manchester

• Elisa Bellotti, University of Manchester