A new report, commissioned by the UK government, reveals problems "inherent in all aspects" of efforts to track money laundering in the UK. The report by forensic accountants at KPMG studied how suspicions of money laundering ("suspicious activity reports" (SARs) in the UK jargon) were dealt with.
They concluded that there were problems at every level, triggered by an explosion in the number of reports from 15,000 in 1999 to 63,000 in 2002. Among specific criticisms, KPMG highlighted the f
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