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.