FSA and NCIS form partnership as money laundering surges

The FSA and National Criminal Intelligence Service (NCIS) have agreed to closely co-operate in fighting financial crime. The partnership was agreed this week, which has also seen reports emerge that record numbers of suspicious financial transactions have been reported to the UK authorities fighting money laundering. The (NCIS) received 18,408 disclosures from the financial sector to its Economic Crime Unit (ECU) topping last year's statistics by more than 25%. Carol Sergeant, Managing Director of the FSA, said: "I am delighted to sign this partnership agreement with NCIS. The F...