Call for Evidence on Economic Crime Information Sharing

The initiative aims to seek views on how data sharing between the public and private sectors can be improved to better prevent, detect and disrupt financial crime.

Key points include:

➡️ Strengthening Public-Private Partnerships: The UK’s Joint Money Laundering Intelligence Taskforce (JMLIT) has evolved into a multi-layered collaboration involving threat groups and targeted operational cells addressing specific economic crime risks;

➡️ Data Fusion Capabilities: The National Crime Agency (NCA) and financial sector partners have developed a data-led approach combining banking data with law enforcement intelligence to identify poly-criminal activity;

➡️ Barriers to Data Sharing: The Government identified operational challenges in linking datasets and legal liability concerns as key barriers to information sharing;

➡️ Cross-Sector Engagement: The call for evidence seeks contributions from law enforcement, regulators, financial institutions, technology platforms, telecoms providers and online marketplaces; and

➡️ Potential Regulatory Reform: Evidence gathered will inform potential reforms aimed at improving the legal, operational and cultural frameworks supporting information sharing.

✅ Firms and individuals can provide evidence until 18 May 2026.