Contents

Ministerial foreword 6

1. Executive summary 8

2. Why tackle money laundering and recover assets? 16

The scale and impact of money laundering 16

The role of asset recovery 19

3. Our approach 22

The UK system 22

Progress to date 23

Risks 23

Current state of play – what have we done to address our risks? 24

AMLAR Strategy Objectives 26

Strategy pillars 26

Measuring impact 28

4. Target 30

Concentrating cross-system action on our highest risks 31

Adapting to emerging risks 34

Delivering effective supervision 37

Reducing low-value activity 41

5. Integrate 46

Building a united national financial intelligence capability 47

Enhancing exploitation of financial intelligence in wider policing 54

Developing a clearer view of asset ownership 56

Deepening our global partnerships 57

Improving international asset recovery cooperation 60

6. Empower 64

Enhancing our ability to tackle complex money laundering 65

Strengthening the end-to-end asset recovery system 69

Investing in people and technology 74

7. Outcomes and performance 78

Assessing progress and impact 78

Key deliverables 79

8. Annexes 82

Annex A – Delivery Plan 82

Annex B – Geographic Scope 98